Weldon Corporation has provided the following data from its activity-based costing accounting system: Indirect factory wages $340,000 Factory equipment depreciation $240,000 Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Indirect factory wages 25% Factory equipment depreciation 40% Customer Orders Product Processing Other Total 65% 40% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products. O $181,000 10% 100% 20% 100% How much indirect factory wages and factory equipment depreciation cost would be assigned to the Customer Orders activi cost pool? $580,000

Weldon Corporation has provided the following data from its activity-based costing accounting system: Indirect factory wages $340,000 Factory equipment depreciation $240,000 Distribution of Resource Consumption across Activity Cost Pools: Activity Cost Pools Indirect factory wages 25% Factory equipment depreciation 40% Customer Orders Product Processing Other Total 65% 40% The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs that are not assigned to products. O $181,000 10% 100% 20% 100% How much indirect factory wages and factory equipment depreciation cost would be assigned to the Customer Orders activi cost pool? $580,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.2E: Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each...

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4. Which of the following costs are variable, fixed, or mixed costs? Units of Output Direct materials Workers' wages Supervisors' salaries Equipment depreciation Maintenance 30,000 Units P 180,000 1,080,000 312,000 151,200 81,600 384,000 P2,188,800 42,000 Units P 252,000 1,512,000 312,000 151,200 110,400 528,000 P2,865,600 Utilities Total
According to following information, which of the following is the total cost function in the form of Y = F+V*X? Number of units produced is 18,000. Fixed Variable Cost Cost Material used in Production 88,000 40,000 Labour used in Production 42,000 38,500 Production Facilities cost 37,000 29,500 TOTAL COST 167,000 108,0OC Select one: • a. Y = 167,000+V*6 Ob. Y 167,000+V*18 c. Y = 275,000+V*108 O d. Y = 108,000+V*275
According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 46,000. Fixed Variable Total Cost Cost Costs Material used in Production Labour used in Production Production Facilities cost 92,000 48,000 0006 179,000 230,000 409,000 105,000 85,000 133,000 40,000 197,000 79,000 TOTAL COST Select one: O a. Y = 179,000+V*5 O b. Y = 230,000+V*5 %3D Oc. Y = 409,000+V O d. Y = 179,000+V*23
According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 25000. Fixed Cost Variable Cost Total Costs Material used in Production 77,000 55,000 132,000 Labour used in Production 50,000 57,500 107,500 Production Facilities cost 45,000 47,500 92,500 TOTAL COST 172,000 160,000 332,000 Select one: a. Y = 172,000+V*6.4 b. Y = 332,000+V*160 c. Y = 172,000+V*16.5 d. Y = 332,000+V*25 2) According to the information given in the table below, which of the following is Cost of Goods Sold? Cost of Production 275300 Opening stock of WIP 49250 Opening stock of FG 28500 Closing stock of WIP 21550 Closing stock of FG 1020 units Total production units 3030 Select one: a. 285100 b. 243000 c. 229500 d. 253000 Clear my choice
According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 25000. Fixed Cost Variable Cost Total Costs Material used in Production 77,000 55,000 132,000 Labour used in Production 50,000 57,500 107,500 Production Facilities cost 45,000 47,500 92,500 TOTAL COST 172,000 160,000 332,000 Select one: a. Y = 172,000+V*16.5 b. Y = 172,000+V*6.4 c. Y = 332,000+V*160 d. Y = 332,000+V*25
Epsilon Corporation has two products with the following resource requirements and related costs: Total Costs Product X Product Y Total Equipment Set Ups Raw Material Orders P 300,000 250,000 400 200 600 200 50 250 Units produced If Epsilon originally allocated the aforementioned overhead costs based on units produced, how much would a unit of Product X absorb more/(less) under AB Costing? 50,000 200,000 250,000
According to following information, which of the following is the total cost function in the form of Y = F+V*X? Number of units produced is 18,000. Fixed Variable Total Cost Cost Costs Material used in Production 88,000 40,000 128,000 Labour used in Production 42,000 38,500 80,500 Production Facilities cost 37,000 167,000 108,000 275,000 29,500 66,500 TOTAL COST Select one: O a. Y = 275,000+V*108 O b. Y = 167,000+V*18 O CY = 167,000+V*6, O d.Y = 108,000+V*275 e to search F10 D Gy H i BY NT M
Consider the information below for a company whose products goes through two processes; material cost of GHC100000 for a quantity of 10000kg, labour cost- GHC50000 and overhead cost as twice the cost of labour. The company expected an output of 9500kg from process 1 but eventually obtained 9400kg. What value should the output be transferred to process 2? OA. GHC36 O B. GHC26 OC. GHC16 D. GHC27
A company incurs the following costs at various activities levels: Total costs Activity level $ Units 250,000 5,000 312,500 7,500 400,000 10,000 Using the high/low method what is the variable cost per unit? $ 25 $ 30 $ 35 $ 40
Table 3Costs:Factory Rent $ 373,000Factory Depreciation 150,000Factory Utilities 250,000Total $ 773,000Distribution of resource consumption:Activity Cost Pools TotalFixing Cutting PolishingFactory Rent 60% 20% 20% 100%Factory Depreciation 35% 20% 45% 100%Factory Utilities 20% 60% 20% 100% Use Table 3 to answer this question. XYZ Co uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system (Table 3). How much cost, in total, would be allocated in the first-stage allocation to the Polishing activity cost pool? Select one: a. $215,400 b. none of the given answer. c. $192,100 d. $254,600 e. $326,300
Multiple Choice $685 per order $675 per order $544 per order $665 per order
‏COVID 19 Co uses an activity based costing system with three activity cost pools . The company has provided the following data concerning its costs and its activity based costing system : Costs : $ 273.000 Wages and salaries Depreciation 207.000 199,000 Utilities Total $ 679.000 Distribution of resource consumption Total 100 % Activity Cost Pools Assembly Setting Other Up Wages and salaries 60 20 % 20 % Depreciation 359 20 % 4596 Utilities 20 % 60 % 2096 How much cost , in total , would be allocated in the first stage allocation to the Assembly activity cost pool ? 100 % 100