Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

16 Gold Company uses a plantwide overhead rate with machine hours as the allocation base. Use the following information to solve for the amount of

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
16 Gold Company uses a plantwide overhead rate with machine hours as the allocation base. Use the following information to solve for the amount of machine hours estimated per unit of product RST. 25 points Direct material cost per unit of RST Total estimated manufacturing overhead Total cost per unit of RST Total estimated machine hours Direct labor cost per unit of RST $ 20 $495,000 $ 95 165,000 MH $ 38 01.29-27 Multiple Choice 15.83 MH per unit of RST 5667 MH per unit of RST 12.33 MH per unit of RST 5800 MH per unit of RST 15 A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: 2.5 points Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Cost $ 89,000 $ 64,000 $120,000 Budgeted Activity Product A Product B Product C 7,900 10,900 21,900 8,900 16,900 9,900 4,400 2,900 3,525 01:25.00 Which of the following statements is true regarding this company's activity rates? Multiple Choice The activity rate under the activity based costing system for Activity 2 is $11.09 The activity rate under the activity-based costing system for Activity 2 is $219. The activity rate under the activity based costing system for Activity 2 is $179. MC GEW H Help Save Loud Which of the following costing methods charges all manufacturing costs to its products? 14 Multiple Choice 2.5 points 2012 Direct costing Variable costing ABC costing Absorption costing (Me Graw A company is currently operating at B0% capacity producing 5.000 units. Current cost information relating to this production is shown in the table below: 13 Per Unit $34 $ 2 $ 3 Sales price Direct material Direct labor Variable overhead Fixed overhead 25 points 2 2008 $ 5 The company has been approached by a customer with a request for a 100-unit special order. What is the minimum per unit sales price that management would accept for this order if the company wishes to increase current profits? Multiple Choice Any amount over $34 per unit Any amount over $14 per unit Any amount over 59 per unit MC Graw Hill

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

ACCA Financial Accounting Study Text 2020 21

Authors: Emile Woolf International

1st Edition

1848439210, 978-1848439214

More Books

Students also viewed these Accounting questions