Question 13 1 out of 1 points The Sit-N-Spin Corporation manufactures and assembles office chairs. Sit-N-Spin...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6655f3196bebe_8256655f319642cd.jpg)
Transcribed Image Text:
Question 13 1 out of 1 points The Sit-N-Spin Corporation manufactures and assembles office chairs. Sit-N-Spin uses an activity-based costing system to allocate all manufacturing conversion costs. Each chair consists of 20 separate parts totaling $125 in direct materials, and requires 2.0 hours of machine time to produce. Additional information follows: Allocation Base Number of parts Machine hours Activity Materials handling Machining Assembling Packaging Number of finished units What is the cost of assembling per chair? Number of parts Cost Allocation Rate $2.75 per part $3.00 per machine hour $1.50 per part $2.75 per finished unit Question 13 1 out of 1 points The Sit-N-Spin Corporation manufactures and assembles office chairs. Sit-N-Spin uses an activity-based costing system to allocate all manufacturing conversion costs. Each chair consists of 20 separate parts totaling $125 in direct materials, and requires 2.0 hours of machine time to produce. Additional information follows: Allocation Base Number of parts Machine hours Activity Materials handling Machining Assembling Packaging Number of finished units What is the cost of assembling per chair? Number of parts Cost Allocation Rate $2.75 per part $3.00 per machine hour $1.50 per part $2.75 per finished unit
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The same generally accepted accounting principles apply to all companies.
-
You have decided to divide a deck of cards into two piles; one of 22 cards, and one of 30. (a) You pick the 30 cards for pile 1, and the remaining 22 are put into pile 2. How many divisions into 2...
-
Prepare a business case. AppendixLO1
-
On the first day of the fiscal year, Shiller Company borrowed $85,000 by giving a seven year, 7% installment note to Soros Bank. The note requires annual payments of $15,772, with the first payment...
-
Because they decrease equity, withdrawals made by a business owner are credited to his/her Withdrawals account True or False True Falte
-
An analysis of the transactions made by J. L. Kang & Co., a certified public accounting firm, for the month of August is shown below. Each increase and decrease in stockholders' equity is explained....
-
Could the tutor use the agile project lifecycle and state: a) what pointers should be for each page of the project lifecycle when fulfilling the requirements using only three to four points in each...
-
1. What gives stainless steels their good corrosion resistant properties? 2. Which stainless steel is the lowest cost and why? 3. What are some characteristics of Nickel Alloys? 4. What are the 2...
-
Problem 4. Determine the motion of a two-dimensional linear oscillator of potential energy V = kr
-
5 Informatics solutions in the "complex and catastrophic" end of the population-risk spectrum must support which type of services/functions? 1 point Intensive case management Wellness program
-
What are the characteristics of products that Otis Trains produces? What are order qualifiers and winners? Explain at least three advantages and three drawbacks of offshoring to JLPTC. What risks are...
-
Find the angle and length of the resulting vector for the given d and e vectors by the analytical method. After that, find the parameters of the resulting vector for the three vectors. In the answer,...
-
Your Supervisor asks you out on a date. Is this "Sexual Harassment"? * 2 points Yes, because your Supervisor is an authority figure. No, but if you accept the date, it could become Sexual Harassment....
-
(Issuance and Retirement of Bonds) Palmiero Co. is building a new hockey arena at a cost of $2,000,000. It received a downpayment of $500,000 from local businesses to support the project, and now...
-
(Issuance of Bonds between Interest Dates, Straight-line, Retirement) Presented below are selected transactions on the books of Powerglide Corporation. May 1, 2007 Bonds payable with a par value of...
-
(Entries for Zero-Interest-Bearing Note) On December 31, 2007, Jose Luis Company acquired a computer from Cuevas Corporation by issuing a $400,000 zero-interest-bearing note, payable in full on...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App