uses activity-based cost Multiple Choice $89,356.14 O $78,000.00 Activity Budgeted Cost Activity 1 $ 78,000 $ 53,000 Activity 2 Activity 3 $ 98,000 How much overhead will be assigned to Product B using activity-based costing? (Do not round intermediate calculations and round the final answer to 2 decimal places.) $68,822.42 $229,000.00 costs of 1 O $69,726.04 Activity Cost Driver Square feet Units inspected Setups budgeted cost and activity Budgeted Activity Product B Product A 6,800 7,800 3,300 9,800 15,800 1,800 ee activities Product C 20,800 8,800 2,425 the following table

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question

Subject :-Account 

A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activities are shown in the following table:
Budgeted Activity
Product B
9,800
15,800
1,800
Multiple Choice
Activity
Activity 1
Activity 2
Activity 3
How much overhead will be assigned to Product B using activity-based costing? (Do not round intermediate calculations and round the final answer to 2 decimal places.)
Budgeted Cost
$ 78,000
$ 53,000
$ 98,000
о
$89,356.14
$78,000.00
$68,822.42
$229,000.00
Activity Cost Driver
Square feet
Units inspected
Setups
$69,726.04
Product A
6,800
7,800
3,300
Product C
20,800
8,800
2,425
Transcribed Image Text:A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activities are shown in the following table: Budgeted Activity Product B 9,800 15,800 1,800 Multiple Choice Activity Activity 1 Activity 2 Activity 3 How much overhead will be assigned to Product B using activity-based costing? (Do not round intermediate calculations and round the final answer to 2 decimal places.) Budgeted Cost $ 78,000 $ 53,000 $ 98,000 о $89,356.14 $78,000.00 $68,822.42 $229,000.00 Activity Cost Driver Square feet Units inspected Setups $69,726.04 Product A 6,800 7,800 3,300 Product C 20,800 8,800 2,425
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education