First-stage allocation to the setting up activity cost pool

Assignment Help Accounting Basics
Reference no: EM13150297

Ginger Corporation 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:
Wages and salaries $360,000
Depreciation 140,000
Utilities 160,000
Total $660,000

Distribution of resource consumption:
Activity Cost Pools
Assembly Setting Up Other Total
Wages and salaries 10% 80% 10% 100%
Depreciation 5% 50% 45% 100%
Utilities 15% 60% 25% 100%

How much cost, in total, would be allocated in the first-stage allocation to the Setting Up activity cost pool?

Reference no: EM13150297

Questions Cloud

Define slower friedel-crafts alkylation of benzene : slower than Friedel-Crafts alkylation of benzene and gives a mixture containing mostly o- and p-tert-butyltoluene. d. slower than Friedel-Crafts alkylation of benzene and gives mostly m-tert-butyltoluene.
What do ecological descriptions of communities : What do ecological descriptions of communities - species richness, relative abundance, species diversity - tell us about interactions between species? Relative stability or health of the community through time?
What proportion of flies have thorax length longer : The length of the thorax (where the wings and legs attach) in a population of male fruit flies is approximately Normal with a mean 0.800 (mm) and standard deviation 0.078 mm. What proportion of flies have thorax length 0.9 mm or longer?
Determining issuance price of bonds : LaFluer Corporation issued $400,000 of 15-year bonds on January 1. The bonds pay interest on January 1 and July 1 with a stated rate of 8 percent. If the market rate of interest at the time the bonds are sold is 10 percent, what will be the issuan..
First-stage allocation to the setting up activity cost pool : How much cost, in total, would be allocated in the first-stage allocation to the Setting Up activity cost pool?
Draw all of the structural isomers : Draw all of the structural (constitutional) isomers for one of the alkanes and name each isomer for C10H22. I just need Six and I do not get this
Probability-tested chicken chosen at random is contaminated : 15% were contaminated with salmonella, and 13% were contaminated with both of these bacteria. What is the probability that a tested chicken chosen at random is: contaminated with salmonella and not campylobacter.
Estimating cost of preferred stock : Samuelson Plastics has 7.5 percent preferred stock outstanding. Currently, this stock has a market value per share of $52 and a book value per share of $38. What is the cost of preferred stock?
The economy''s factors of production : The economy's factors of production are not equally suitable for producing different types of goods. This principle generates:

Reviews

Write a Review

Accounting Basics Questions & Answers

  Theory of corporate governance

Identify and briefly explain both a theory of corporate governance that supports a formal regulatory approach and a theory that supports a voluntary, self -regulation approach.

  Low tax jurisdiction

A U.S. manufacturer wants to conduct business through a foreign subsidiary organized in a low tax jurisdiction. How might it do so without being currently taxed on the subsidiary's foreign earnings?

  Explain accounts receivable turnover

Selected balances from a company's financial statements are shown below. Calculate the following (a) accounts receivable turnover (b) inventory turnover (c) days' sales uncollected

  Gift tax liability under the assumption

What is Sondra's 2009 gift tax liability? What is her 2009 gift tax liability under the assumption that she made the $ 700,000 of taxable gifts in 1974 instead of 1997?

  Stock dividend on fidelitys net assets

Journalize Fidelity's distribution of the stock dividend on May 11. What was the overall effect of the stock dividend on Fidelity's total assets? On total liabilities? On total stockholders' equity?

  Computing free cash flow

During 2006, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax r..

  Prepare the general journal entries

Prepare the general journal entries necessary to record these transactions.

  Weighted-average to fifo inventory pricing

Compute the cumulative effect of the change in accounting principle from weighted-average to FIFO inventory pricing.

  Prepare all journal entries necessary through june

Jensen Company forecasts a need for 200,000 pounds of cotton in May. On April 11, the company acquires a call option to buy 200,000 pounds of cotton in May at a strike price of $0.3765 per pound for a premium of $814.

  Non-controlling interest share of consolidated net income

Race decided to use the equity method to account for this investment. What was the non-controlling interest's share of consolidated net income?

  Estimate the amount of manufacturing overhead cost

For both March and June, estimate the amount of manufacturing overhead cost added to production. The company had no underapplied or overapplied overhead in either month.

  Calculate the maximum depreciation expense

During April of the current year, Ronen purchased a warehouse that he used for business purposes. The basis was $1,600,000. Calculate the maximum depreciation expense during the current year?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd