Question 2 8 points Save Answer Olivia bank in Ningbo uses ABC costing for its activities including Savings and Loan. The information for last month is provided below: Activities Traceable Costs Physical flow of Driver Units Open new accounts Process deposits Process withdrawals Process loan applications $50,000 36,000 15,000 27,000 1,000 accounts 400,000 deposits 200,000 withdrawals 900 applications The above activities are used by the Birch branch and the Cedar branch: Birch Cedar New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160. How much of the loan application cost will be assigned to the Birch branch? 1. $3,000 2. $4,800 3.$ 7,800 4. $27,000 > A Moving to another question will save this response. Question 3 4 points Save Answer Rafael Company is located in Ningbo and uses a weighted average process costing system. Material is added at the start of production. The Company started 13,500 units into production and had 4,500 units in process at the start of the period that were 60 percent complete as to conversion costs. If the Company transferred out 12,000 units, how many units were in ending Work in Process Inventory? 1.3,000 2.3,500 3.6,000 > Moving to another question will save this response. Question 3 of 25 >>> 1 20 2 21 3 22 4 23 5 24 6 25 7 8 9 10 11 12 13 14 15 16 17 18 19 Candice Company in Ningbo processes unprocessed goat milk up to the split-off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October: Direct Materials processed: 98,000 gallons (after shrinkage) Production: Condensed goat milk 42,500 gallons Skim goat milk 55,500 gallons Sales: Condensed goat milk $3.50 per gallon Skim goat milk $2.50 per gallon The costs of purchasing the of unprocessed goat milk and processing it up to the split-off point to yield a total of 98,000 gallons of saleable product was $184,480. There were no inventory balances of either product Condensed goat milk may be processed further to yield 42,000 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of $4 per usable gallon of Xyla. Xyla can be sold for $20 per gallon. Skim goat milk can be processed further to yield 54,200 gallons of skim goat ice cream, for an additional processing cost per usable gallon (of ice cream) of $4. The product can be sold for $9 per gallon. There are no beginning and ending inventory balances what is the estimated net realizable value of the Ice Cream at the split-off point? 1. $271,000 2. $364,000 3.$449,000 4. $561,000
