Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Finneas & Thompson PLC, a consulting firm, uses an activity-based costing which there are three activity cost pools. The company has provided the following

image text in transcribed
image text in transcribed
image text in transcribed
1. Finneas & Thompson PLC, a consulting firm, uses an activity-based costing which there are three activity cost pools. The company has provided the following data: Costs: Wages and salaries ... Travel expenses Other expenses Total $480,000 200,000 160,000 $840,000 Distribution of resource consumption: Activity Cost Pools Working On Business Engagements Development 60% 10% 55% 35% 20% 40% Wages and salaries Travel expenses Other expenses Other 30% 10% 40% Total 100% 100% 100% How much cost, in total, would be allocated to "Working On Engagements" pool? Give all answers as a positive number. QUESTION 2 1 point Using the same information as #1, how much cost, in total, would be allocated to "Business Development" cost pool? 1 points QUESTION 3 Assuming the same data as #1, how much cost, in total, would be not be allocated to products? 2 points QUESTION 4 Give two differences in how ABC and traditional costing assign overhead costs. Arial 3 (12pt) TE E Click Save and Submit to save and submit. Click Save All Ansters to save all answers si Save All Answers QUESTION 6 Carter Corporation's activity-based costing system has three activity cost pools-Fabricating, Setting Up, and other. The activity rate for Fabricating is $0.82 per MH; the activity rate for Setting Up is $5.40 per batch. The following table shows the machine-hours and number of batches associated with each of the company's two products: Determine the amount of overhead cost that would be assigned to product W9 using activity-based costing. Product W9 Product T9 Total MHS 2.300 7.700 10.000 Batches 700 1.300 2.000 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answ

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions