Alrex company is using an activity-based costing (ABC) system. The company produces and sells two products: Basic and Pro. The company consists of two departments: Production (where all manufacturing activities are taken) and Marketing (which engages in selling and admin activity only. The ABC system includes in unit product costs all costs easily associated with units in addition, in the ABC system, there are four major indirect activities Machine Setups, Special Processing, Factory Supervision and Customer Relation The prices, direct material cost (DM), shipping cost and direct labor-hours (DLHS) are given below for one unit of the product as well as the total units produced and sold Shipping Cost Product Basic Pro Price $180 $320 DM DLHS $501 $802 Hourly Wage-DL $10 $12 Units 6.000 4,000 The company collected the data for ABC as follows. Estimated OH cost Activity Measure Activity measures used Activity Cost Pool Basic 60 6,000 Pro 120 10,000 Machine Setup Special Processing Factory Supervision Customer Relation (10 customers) # of setups Machine hours DLH # of customers $ $ $ $ 472,500 360,000 224.000 240,000 For Alrex Company, batch-level activities include choose the most complete answer Exam: Alternoon Section i Flatiron Corp has the following budgeted sales in each quarter of the year 2020 Q1 Q2 Q3 Expected Sales $ 300,000 $ 320,000 $ 340,000 $360,000 Cash collection information are as follows: 1. Of all sales, 80% are on credit 2 For the credit sales made in the year 2020: 60% of credit sales are collected in the quarter in which the sale is made, 30% are collected in the following quarter, and 10% are colle second quarter after sale 3. Accounts Receivable is estimated to be $60,000 on December 31 2019. The company expects to collect all outstanding receivable in the first quarter of 2020 What is the total cash collection for the first quarter of 2020? Multiple Choice Maxima Corp. uses a standard cost system with machine-hours as the activity base for both variable and fixed manufacturing overhead (VMOH & FMOH. The following information relates production for last year. Fixed Variable $14.000 Total budgeted overhead (at the denominator level of activity Total applied overhead Total actual overhead $15.400 $15.700 $28,600 $31.800 The actual machine-hours incurred were 2.300. VMOH Efficiency Variance was $700 Unfavorable What was Maxima's VMOH Spending Variance? Multiple Choice C ) All of the other answers are incorrect Special Processing and Factory Supervision Factory Supervision Machine Setup. Special Processing, and Factory Supervision Special Processing Machine Setup Alrex company is using an activity-based costing (ABC) system. The company produces and sells two products: Basic and Pro. The company consists of two departments: Production (where all manufacturing activities are taken) and Marketing (which engages in selling and admin activity only. The ABC system includes in unit product costs all costs easily associated with units in addition, in the ABC system, there are four major indirect activities Machine Setups, Special Processing, Factory Supervision and Customer Relation The prices, direct material cost (DM), shipping cost and direct labor-hours (DLHS) are given below for one unit of the product as well as the total units produced and sold Shipping Cost Product Basic Pro Price $180 $320 DM DLHS $501 $802 Hourly Wage-DL $10 $12 Units 6.000 4,000 The company collected the data for ABC as follows. Estimated OH cost Activity Measure Activity measures used Activity Cost Pool Basic 60 6,000 Pro 120 10,000 Machine Setup Special Processing Factory Supervision Customer Relation (10 customers) # of setups Machine hours DLH # of customers $ $ $ $ 472,500 360,000 224.000 240,000 For Alrex Company, batch-level activities include choose the most complete answer Exam: Alternoon Section i Flatiron Corp has the following budgeted sales in each quarter of the year 2020 Q1 Q2 Q3 Expected Sales $ 300,000 $ 320,000 $ 340,000 $360,000 Cash collection information are as follows: 1. Of all sales, 80% are on credit 2 For the credit sales made in the year 2020: 60% of credit sales are collected in the quarter in which the sale is made, 30% are collected in the following quarter, and 10% are colle second quarter after sale 3. Accounts Receivable is estimated to be $60,000 on December 31 2019. The company expects to collect all outstanding receivable in the first quarter of 2020 What is the total cash collection for the first quarter of 2020? Multiple Choice Maxima Corp. uses a standard cost system with machine-hours as the activity base for both variable and fixed manufacturing overhead (VMOH & FMOH. The following information relates production for last year. Fixed Variable $14.000 Total budgeted overhead (at the denominator level of activity Total applied overhead Total actual overhead $15.400 $15.700 $28,600 $31.800 The actual machine-hours incurred were 2.300. VMOH Efficiency Variance was $700 Unfavorable What was Maxima's VMOH Spending Variance? Multiple Choice C ) All of the other answers are incorrect Special Processing and Factory Supervision Factory Supervision Machine Setup. Special Processing, and Factory Supervision Special Processing Machine Setup