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Poskey Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity
Poskey Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs Wages and Salaries Depreciation Utilities $400,000 $160,000 $100.000 $660,000 Total Activity Cost Pools Setting Up 40% Wages and Salaries Depreciation Utilities Assembly 40% 20% 25% Other 20% 45% 20% 35% 55% How much cost, in total, would be allocated in the first stage allocation to the Assembly activity cost pool2 A. $187,000 OB. $264,000 OC. $217,000 All of Gaylord Company's sales are on account. Thirty-five percent of the credit sales are collected in the month of sale, 45% in the month following sale, and the rest are collected in the second month following sale. Bad debts are negligible and should be ignored. The following are budgeted sales data for the company January $80,000 February $60,000 March $40,000 April $30,000 Total sales What is the amount of cash that should be collected in March? . A. $57.000 B. $37,000 C. $27,500 D.$51,000
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