Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

School Google Space Datawise MY Access! Test Del... Slug Books Bone Surface Featu. Hurricane Electric... Question 6 1 pts A company uses activity-based costing to

image text in transcribed
image text in transcribed
School Google Space Datawise MY Access! Test Del... Slug Books Bone Surface Featu. Hurricane Electric... Question 6 1 pts A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Activity Cost Pool Activity 1 Activity 2 Activity 3 Budgeted Activity Budgeted Cost Product A Product B Product C $70,000 6,000 9,000 20,000 $45,000 7.000 15,000 8,000 $82,000 2,500 1,000 1.625 What are the activity rates for the three activities under activity-based costing? (1) $2.00: (2) $1.50; (3) $16.00. (1) $2.00: (2) $3.00; (3) $3.50. O (1) $3.50; (2) $3.00: (3) $16.00 (1) $2.00: (2) $1.50; (3) $32.80. $3.50: (2) $1.50; (3) $32,80. A company uses activity-based costing to determine the costs of its three products: A, B, and C. The budgeted cost and activity for each of the company's three activity cost pools are shown in the following table: Budgeted Activity Activity Cost Pool Budgeted Cost Product A Product B Product C Activity 1 $70,000 6,000 9,000 20.000 Activity 2 $45,000 7.000 15.000 8,000 Activity 3 $82,000 2,500 1,000 1,625 How much overhead will be assigned to Product B using activity-based costing? $78,000 $56,500 O $70,000 O $62.500 $197.000

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_2

Step: 3

blur-text-image_3

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 The Food And Beverage Operation An Operational Audit Approach Volume 1

Authors: Hans L. Steiniger Certified Public Accountant Certified Internal Auditor

1st Edition

1424167698, 978-1424167692

More Books

Students also viewed these Accounting questions