Question
46. Laredo Corporation, which manufactures products W, X, Y, and Z through a joint process costing $24,000, has the following data for 2018: Total Sales
46. Laredo Corporation, which manufactures products W, X, Y, and Z through a joint process costing $24,000, has the following data for 2018:
Total Sales Value | ||
Product | Units Produced | at Split-Off |
W | 10,000 | $5,000 |
X | 6,000 | 2,500 |
Y | 16,000 | 3,000 |
Z | 8,000 | 4,500 |
What is the amount of joint costs assigned to product W using the physical units method?
a.$8,000
b.$16,000
c.$6,000
d.$18,000
47.
Diane's Pottery Manufacturing Company has two support departments, Maintenance Department and Personnel Department, and two producing departments, X and Y. The Maintenance Department costs of $30,000 are allocated on the basis of standard service hours used. The Personnel Department costs of $4,500 are allocated on the basis of number of employees. The direct costs of Departments X and Y are $9,000 and $15,000, respectively. Data on standard service hours and number of employees are as follows:
Maint. | Person. | Dept. | Dept. | |
Dept. | Dept. | X | Y | |
Standard service hours used | 100 | 75 | 600 | 300 |
Number of employees | 50 | 100 | 150 | 150 |
Direct labor hours | 125 | 125 | 500 | 250 |
What are the total overhead costs associated with Department X after allocating the Maintenance and Personnel Departments using the direct method?
a.$29,000
b.$9,000
c.$31,250
d.$11,250
Which of the following is a major subsystem of the cost accounting information system?
a.OLAP
b.Operational control information system
c.EDI
d.ERP
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