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A company is conducting a time-driven activity-based costing study in its Purchasing Department. To aid the study, the company provided the following data regarding its
A company is conducting a time-driven activity-based costing study in its Purchasing Department. To aid the study, the company provided the following data regarding its Purchasing Department and three of its many jobs: Number of employees Average annual salary per employee Weeks of employment per year Hours worked per week Practical capacity percentage 14 $39,312 52 40 90% Requisition Bid Processing Evaluation Inspection 30 18 45 Minutes per unit of the activity Job A 9 4 Job B 5 Number of requisitions processed Number of bid evaluations Number of inspections Job c 6 4 8 3 6 2 What is the time-driven activity rate for Bid Evaluation? Multiple Choice $4.50 $5.80 O $6.30
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