Three questions please. Only answer if you can! If you cannot leave it for someone else! It meets policy and please leave brief solution!
55. Life Lessons provides academic enrichment and review activities for high school students in 4 subject areas: English, mathematics, science, and history. In November 20x1, the firm's information system produced the following data: Number of Number of Percent of Direct Students Faculty 20 Costs Engish Iltersrmbeof the olowing dla 10% $6,000 Mathematics 3 Science 5 History 2 24 25 8,000 15 50 12,000 3,000 Regardless of subject area, clients pay $50 per hour for tutoring services. Costs associated with the Life Lessons operations for November 20x1 included: Facility rent Custodial services Utilities Computer equipment amortization $2,500 1,800 Which of the following is the most logical allocation base for facility rent if the relevant cost object is a subject area (product line)? a) Number of tutors b) Direct costs c) Percentage of square feet occupied d) Direct labour hours Answer:c Difficulty: Easy Learning Objective: Apply an ABC system in assigning costs 56. Life Lessons provides academic enrichment and revievw activities for high school students in 4 subject areas: English, mathematics, science, and history. In November 20x1, the firm's information system produced the following data: Number of Number of Percent of Direct Tutors Students Faculty Costs English 4 Mathematics 3 Science 5 History 2 10% $6,000 24 25 8,000 50 12,000 3,000 Regardless of subject area, clients pay $50 per hour for tutoring services. Costs associated with the Life Lessons operations for November 20x1 included: Facility rent Custodial services $2,500 1,800 56. Life Lessons provides academic enrichment and review activities for high school students in 4 subject areas: English, mathematics, science, and history. In November 20x1, the firm's information system produced the following data: Number of Number of Prent of Direct Tutors Students Faculty 20 Costs 10% $6,000 English 4 Mathematics 3 Science 5 History 2 24 25 8,000 15 12,000 3,000 Regardless of subject area, clients pay $50 per hour for tutoring services. Costs associated with the Life Lessons operations for November 20x1 included: Facility rent Custodial services Utilities $2,500 1,800 Advertising If the number of tutors in each area is the cost driver for custodial services, the total custodial services cost allocated to history would be: a) $450 b) $270 c) $257 d) None of the above Answer: C Difficulty: Easy Learning Objective: Apply an ABC system in assigning costs CPA: Management Accounting Bloomcode: Comprehension 57. Life Lessons provides academic enrichment and review activities for high school students in 4 subject areas: English, mathematics, science, and history. In November 20x1, the firm's information system produced the following data: Number of Number of Percent of Diret Tutors Students Faculty 20 Costs English 4 Mathematics 3 Science 5 History 2 10% $ 6,000 25 8,000 15 12,000 3,000 Regardless of subject area, clients pay $50 per hour for tutoring services. Costs associated with the Life Lessons operations for November 20x1 included: Facility rent Custodial services Utilities $2,500 1,800 57. Life Lessons provides academic enrichment and review activities for high school students in 4 subject areas: English, mathematics, science, and history. In November 20x1, the firm's information system produced the following data: Number of Number of Prent of Direct Tutors StudentsFaculty Costs $6,000 English 4 Mathematics 3 Science 5 History 2 10% 24 50 25 8,000 15 12,000 3,000 Regardless of subject area, clients pay $50 per hour for tutoring services. Costs associated with the Life Lessons operations for November 20x1 included: Facility rent Custodial services Utilities $2,500 1,800 Advertising Which of the following groups of costs are most likely to have a common cost driver? a) Advertising & computer equipment amortization b) Computer equipment amortization & utilities c) Utilities & custodial services d) Utilities & advertising Answer: c Difficulty: Medium Learning Objective: Apply an ABC system in assigning costs CPA: Management Accounting 58. Life Lessons provides academic enrichment and review activities for high school students in 4 subject areas: English, mathematics, science, and history. In November 20x1, the firm's information system produced the following data: Number of Number of Percent of Direct Tutors Students Faculty 20 Costs English 4 Mathematics 3 Science 5 10% $ 6,000 24 25 8,000 15 12,000 History 2 3,000 Regardless of subject area, clients pay $50 per hour for tutoring services. Costs associated with the Life Lessons operations for November 20x1 included: Facility rent Custodial services Utilities $2,500 1,800
