Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Activity-based costing (16 points) Blooming Idiot specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning

image text in transcribed

image text in transcribed

Activity-based costing (16 points) Blooming Idiot specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity-based costing system: Overhead costs: Wages and salaries $315,000 Administrative expenses 105.000 Total $420,000 Distribution of resource consumption Activity Cost Pools Delivery Making bouquets ather total 25% 65% 10% 100% wages/salaries administration 15% 55% 30% 100% Deliveries Miles driven Activity measure Annual activity Making Bouquets Number of bouquets 15.000 bouquets 25,000 miles The Other activity cost pool consists of organization-sustaining costs and are not assigned to jobs, 1. Calculate the overhead costs assigned to the deliveries and making bouquets (First-stage allocation) ANSWER IN WHOLE DOLLARS, NO PENNIES, COMMAS OR DOLLAR SIGNS! (for example, 317) Delivery Making Bouquets wages administration 2. Calculate the activity rates for the deliveries and making bouquets. ANSWER TO THE NEARSEST CENT, NO DOLLAR SIGNS!! (for example, 1.25) Delivery Making Bouquets rate Job 1204 consisted of providing flowers for a wedding reception at a large hotel. The job was for 35 bouquets and required a total of 60 miles for delivery. 3. Cakulate the total overhead cost assigned to Job 1204 ANSWER TO THE NEARSEST CENT, NO DOLLAR SIGNS!!! (for example, 125)

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

Students also viewed these Accounting questions