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9) Fidelity Stereo Company has provided the following information regarding its activity- based costing system 9) . Purchasing departiment costs are allocated based on purchase
9) Fidelity Stereo Company has provided the following information regarding its activity- based costing system 9) . Purchasing departiment costs are allocated based on purchase orders, and the prdetermined ov allocation rate is $77 per purchaseorder Assembly department costs are allocated based on the number of parts used, andi the predeterm overhead allocation rate is $2 per part. artment costs are allocated based on the number of units produced, and the predetermined overhead allocation rate is $4 per unit produced. Each stereo produced has 50 parts, and the direct materials cost per unit is S60. There are no direct costs. Fidelity Stereo has an order for 1400 stereos, which will require 40 purchase orders in all What is the total cost for the 1400 stereos? A) $143,080 B) $229,600 C) $232,680 D) $148,000 10) Skipper Company manufactures toy boats and uses an activity-based costing system. The 10) following information is provided for the month of May: Estimated Quantity of Allocation Base 3000 parts 3000 parts 1200 boats Activity Materials handlin Estimated Indiredt Activity Costs Allocation Base Number of parts Number of parts Number of boats $5650 Each boat consists of four parts, and the direct materials cost per boat is $7.21. There is no direct labo What is the total manufacturing cost per boat? (Round any intermediate calculations and your final answer to the nearest cent.) A) S22.84 B) $18.13 C) $4.43 D) $15.63 11) Bernard Company shows the following manufacturing costs for the first six months of the year: Production in Unit 1600 1450 1770 2400 2840 2850 Total Costs Februar March $31,000 $35,436 $43,636 545,780 $45,900 Using the high- low method, the total fixed costs are(Round intermediate calculations to two decimal places, and the final calculation to the nearest dollar.) A) $15,576 B) $45,900 C) $14,900 D) $30,324 12) Which of the following appears as a line item in a contribution margin income statement? A) Operating income C) Total selling and administrative expenses B) Total cost of goods sold D) Gross profit
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