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Assume 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
Assume 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 | 14 | |||
Average annual salary per employee | $ | 39,312 | ||
Weeks of employment per year | 52 | |||
Hours worked per week | 40 | |||
Practical capacity percentage | 90 | % | ||
Requisition Processing | Bid Evaluation | Inspection | ||||
Minutes per unit of the activity | 30 | 15 | 45 | |||
Job A | Job B | Job C | ||||||
Number of requisitions processed | 9 | 5 | 6 | |||||
Number of bid evaluations | 4 | 3 | 4 | |||||
Number of inspections | 6 | 2 | 8 | |||||
The cost per minute of the resource supplied is closest to:
Multiple Choice
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$0.42.
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$0.35.
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$0.27.
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$0.38.
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