B 1. What is the overhead cost assigned to Product XO under activity-based costing? (Round your intermediate calculations to 2 decimal places.)Multiple ChoiceOOOO$989$27,588$17,610$16,621 Deemer Corporation has an activity-based costing system with three activity cost pools--Processing, Supervising, and Other. In the first stage allocations,costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption.Data used in the first stage allocations follow:Overhead costs:Equipment expenseIndirect laborDistribution of Resource Consumption Across Activity Cost Pools:Equipment expenseIndirect laborActivity:Product F6Product XOTotalProcessing0.300.30$ 48,000$ 7,300Activity Cost PoolsSupervising0.600.40Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. Thecosts in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow:MHS(Processing)18,1001,15019, 250Other0.100.30Batches(Supervising)8909801,870

The overhead costs consists of indirect costs incurred for production process. The overhead costs…

Answered: What is the overhead cost assigned to…

What is the overhead cost assigned to Product XO under activity-based costing? (Round your intermediate calculations to 2 decimal places.) Multiple Choice O о O $989 $27,588 $17,610 $16,621

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

B 1.

What is the overhead cost assigned to Product XO under activity-based costing? (Round your intermediate calculations to 2 decimal places.)
Multiple Choice
O
O
O
O
$989
$27,588
$17,610
$16,621

Deemer Corporation has an activity-based costing system with three activity cost pools--Processing, Supervising, and Other. In the first stage allocations,
costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption.
Data used in the first stage allocations follow:
Overhead costs:
Equipment expense
Indirect labor
Distribution of Resource Consumption Across Activity Cost Pools:
Equipment expense
Indirect labor
Activity:
Product F6
Product XO
Total
Processing
0.30
0.30
$ 48,000
$ 7,300
Activity Cost Pools
Supervising
0.60
0.40
Processing costs are assigned to products using machine-hours (MHS) and Supervising costs are assigned to products using the number of batches. The
costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow:
MHS
(Processing)
18,100
1,150
19, 250
Other
0.10
0.30
Batches
(Supervising)
890
980
1,870

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