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no need for details, just the final answer COVID 19 Co has an activity-based costing system with three activity cost pools: Processing, Supervising, and other.
no need for details, just the final answer
COVID 19 Co has an activity-based costing system with three activity cost pools: Processing, Supervising, and other. In the first stage allocations, costs in the two overhead accounts, equipment expense and indirect labor, are allocated to the three activity cost pools based on resource consumption Data used in the first stage allocations follow: Overhead costs: Equipment expense Indirect labor $ 64,000 $ 13,800 Distribution of Resource Consumption Across Activity Cost Pools: 0.20 0.20 Activity Cost Pools Processing Supervising Other Equipment expense 0.60 Indirect labor 0.60 0.30 Processing costs are assigned to products using machine hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the other activity cost pool are not assigned to products Activity data for the company's two products follow 0.10 Machine-hours (Processing) Batches (Supervising) Product YB 12,000 640 Product YA 1.330 1,010 0.20 Processing Supervising Other Equipment expense 0.60 0.20 Indirect labor 0.60 0.30 Processing costs are assigned to products using machine hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the other activity cost pool are not assigned to products. Activity data for the company's two products follow 0.10 Machine-hours (Processing) Batches (Supervising) Product YB 12,000 640 Product YA 1,330 1,010 What is the overhead cost assigned to Product YA under activity-based costing? (Round the Intermediate calculation to two decimal places and your final answer to nearest whole dollar.) Select one a $42,023 b. $48.593 C. $15,028 d. $48.560 COVID 19 Co has forecast purchases on account to be $314,000 in March, $379,000 in April, $421,000 in May, and $499,000 in June. Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What is the budgeted Accounts Payable balance for May 31 Select one: o a. $149.700 b. $349.300 C $294.700 d. $126,300 Which of the following is false about activity based costing? Select one a. It uses more cost pools Ob It can be used for external financial reporting, c It does not assign all manufacturing costs to products O d. It may assign nonmanufacturing costs to products Step by Step Solution
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