Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE ANSWER EACH QUESTION CORRECTLY! IF SO, I WILL LEAVE AN UPVOTE! Complete this question by entering your answers in the tabs below. Compute the

PLEASE ANSWER EACH QUESTION CORRECTLY! IF SO, I WILL LEAVE AN UPVOTE!
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Complete this question by entering your answers in the tabs below. Compute the activity rates for the activity cost pools. Note: Round your answers to 2 decimal places. Required: 1. Prepare the first-stage allocation of costs to the actlvity cost pools: 2. Compute the activity rates for the activity cost pools 3. The company recently completed a 400 -square-foot carpet-cleaning job at the flying N Ranch-a 52 -mile round-trip from the company's home office. Compute the cost of this job using the activity-based costing system. 4. The revenue from the Flying N Ranch was $50,40 ( 400 square feet $12.60 per hundred square feet). Calculate the customer margin earned on this job. Complete this question by entering your answers in the tabs below. Prepare the first-stage allocation of costs to the activity cost pools. Gallatin Carpet Cleaning has always charged a flat fee per hundred square feet of carpet cleaned, The current fee is $12.60 per hundred square feet However, there is some question about whether the company is making a profit on jobs requiring considerable travel time. The owner's daughter. suggested answering this question by designing an activity-based costing system using the information shown below: The total cost of operating the company for the year is $356,000 which includes the following costs: She distributed these operating costs across her four activities as follows: Job support consists of receiving celis from potential customers at the home office, scheduling Jobs, billing, resolving issues, ond so on Aequired: 1 Piepare the first-stage allocation of costs to the activity cost pools The revenue from the Flying N Ranch was $50.40 ( 4 square feet @$12.60 per hundred square feet). Calculate the customer margin earned on this job. Note: Negative customer margins should be indicated with a minus sign. Round your intermediate caiculations and final answers to 2 decimal places. Complete this question by entering your answers in the tabs below. The company recently completed a 400-square-foot carpet-cleaning job at the Flying N Ranch-a 52 -mile round-trip from th company's home office. Compute the cost of this job using the activity-based costing system. Note: Round your intermedlate calculations and final answer to 2 decimal places

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

Recommended Textbook for

Auditing A Practical Approach

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

3rd Canadian edition

1-119-40285-5, 111940276X, 978-1119566007

More Books

Students also viewed these Accounting questions

Question

What methods are used to treat gender dysphoria?

Answered: 1 week ago