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Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as
Wedd Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Processing, $45,100, Supervising, $34,400; and Other, $23,300. Processing costs are assigned to products using machine-hours pHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data appear below. Product 06 Product D7 Total Eatches MRS (Processing) (Supervising) 9,700 1,220 10,920 1,440 990 2,430 What is the overhead cost assigned to Product 06 under activity-based costing? (Round your intermediate calculations to 2 decimal places.) Multiple Choice Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted for 35,100 customers, but actually served 33,400 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served: Revenue: $3.60q Wages and salaries: $33,300+ $1.13q Supplies: $0.53q Insurance: $10,500 Miscellaneous expenses: $6,500+ $0.31q The company reported the following actual results for February. Revenue Wages and salaries Supplies Insurance Miscellaneous expense Required: $121,800 $ 68,100 $ 14,500 $ 10,500 $ 18,200 Prepare the company's flexible budget performance report for February. Label each variance as favorable (F) or unfavorable (U). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Input all amounts as positive values.) $40,061.00 $44.983.40
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