Answered step by step
Verified Expert Solution
Question
1 Approved Answer
#2 (Ch. 4, 5, 6 & 7) i Saved Help Save & Ex Units sold during the year 9, 000 10, 000 Units in ending
#2 (Ch. 4, 5, 6 & 7) i Saved Help Save & Ex Units sold during the year 9, 000 10, 000 Units in ending inventory 3, 000 000 'E 21 The net operating income (loss) under absorption costing in Year 2 is closest to: :37:59 Multiple Choice lok O $56,000 O $224,000 Mezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%. ashboard - Antelo. All Boo est #2 (Ch. 4, 5, 6 & 7) i Saved Help Save & Exit Submit Goertz Corporation has an activity-based costing system with three activity cost pools--Machining, Order Filling, and Other. In 28 the first stage allocations, costs in the two overhead accounts, equipment depreciation and supervisory expense, are allocated to the three activity cost pools based on resource consumption. Data used in the first stage allocations follow: Overhead costs : 01:30:34 Equipment depreciation $ 51, 000 Supervisory expense $ 3, 000 eBook Distribution of Resource Consumption Across Activity Cost Pools: Activity Cost Pools Machining Order Filling other Equipment depreciation 0 . 40 0 . 10 0. 50 Supervisory expense 0 . 20 0 . 30 0 . 50 Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: raw Oct 6 8:36 A PTest #2 (Ch. 4, 5, 6 & 7) i Saved Help Save & Exit Su Activity: 28 MHS orders (order [Machining ) Filling ) Product J3 9, 100 100 Product F7 900 900 Total 10, 000 1, 000 X 01:30:21 Finally, the costs of Machining and Order Filling are combined with the following sales and direct cost data to determine eBook product margins. Sales and Direct Cost Data: Product J3 Product F7 Sales (total) $ 145, 200 $ 90, 700 Direct materials (total) $ 81, 400 $ 38, 600 Direct labor (total) $ 37, 700 $ 42, 400 How much overhead cost is allocated to the Order Filling activity cost pool under activity-based costing? Mc Graw Hill OM B Oct 6 8:37 A hpezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%. Maps Dashboard - Antelo. All Bookmarks Test #2 (Ch. 4, 5, 6 & 7) i Saved Help Save & Exit Submit Direct labor (total) $ 37, 700 $ 42, 400 29 The activity rate for the Order Filling activity cost pool under activity-based costing is closest to: 01:30:06 Multiple Choice eBook O $3.33 per order O $3.00 per order O $54.00 per order Gra M 2 Oct 6 8:37 AAntelo. (Ch. 4, 5, 6 & 7) i Saved Help Save & What is the overhead cost assigned to Product F7 under activity-based costing? Multiple Choice O $5,400 O $1,890 O $27,000 OM Oct 6 8:3 hp
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started