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Rusties Company recently implemented an activity-based costing system. At the beginning of the year, management made the following estimates of cost and activity in the company’s five activity cost pools: Activity Cost Pool Activity Measure Expected Overhead Cost Expected Activity Labor-related Direct labor-hours $ 30,160 2,320 DLHs Purchase orders Number of orders $ 1,290 430 orders Product testing Number of tests $ 4,830 345 tests Template etching Number of templates $ 875 35 templates General factory Machine-hours $ 64,200 10,700 MHs References Section BreakExercise 3-11 Contrasting Activity-Based Costing and Conventional Product Costing [LO3-2, LO3-3, LO3-4] 1. value: 1.00 points Required information Exercise 3-11 Part 1 Required: 1. Compute the activity rate for each of the activity cost pools. References eBook & Resources WorksheetDifficulty: 2 MediumLearning Objective: 03-03 Compute product costs using activity-based costing. Exercise 3-11 Part 1Learning Objective: 03-02 Compute activity rates for an activity-based costing system. Learning Objective: 03-04 Contrast the product costs computed under activity-based costing and conventional costing methods. Ask your instructor a questionCheck my work 2. value: 1.00 points Required information Exercise 3-11 Part 2 2. The expected activity for the year was distributed among the company’s four products as follows: Activity Cost Pool Expected Activity Product A Product B Product C Product D Labor-related (DLHs) 600 120 800 800 Purchase orders (orders) 40 150 120 120 Product testing (tests) 220 55 0 70 Template etching (templates) 0 17 15 3 General factory (MHs) 3,800 2,400 1,900 2,600 Using the ABC data, determine the total amount of overhead cost assigned to each product.
What journal entry did Spencer and Marks record during the ar ended March 29, 2008, to identify revenues and expenses and What journal entry did Spencer and Marks make to identify sales returns and bad debts expense
What is the likely reason that the adjustment for deferred income taxes when converting net income to cash flow from operations was an addition in Year 6 to Year 8 but a subtraction in Year 9 and Year 10?
At the time of the sale, O’Monica’s adjusted basis was $50,000. Within two months of the sale, O’Monica moved into a new residence she purchased for $500,000. What is O’Monica’s basis in her new residence?
Sold six 1000 watt microwaves and four 1200 watt microwaves on account to Briana Co., invoice 891, terms 2/10, n/30, FOB shipping point.
problem santana rey created business solutions on october 1 2011. the company has been successful and santana plans to
What administrative release deals with a proposed transaction rather than a completed transaction?
After the partnership has been operating for a year, the Capital accounts of Bob and Kim are $15,000 and $10,000, respectively. Sonia buys a one-fourth interest in the partnership by investing cash of $5,000. Prepare the entry in journal form to reco..
The adjustment for customer returns and allowances is $60,000 for sales and $35,000 for cost of merchandise sold. Record the May business activities and adjustments to the journal.
A service may pay off all the loans – say $25,000 worth so that the consumer now only has one debt to pay – the one to the consolidation service. How many months will it take to pay off the $25,000 loan at $437.50 per month at 12% APR compounded mont..
EnterTech has noticed a significant decrease in the profitability of its line of portable CD players. The production manager believes that the source of the trouble is old, inefficient equipment used to manufacture the product. Compute the net presen..
The last two columns contain the adjusted trial balance as of the same date.
CCC hospital budged and actual expenses and patient volume fo 2011 are: Assuming all expenses are variable, the portion of the total variance that cannot be explained by the difference in patient volume is------
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