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777dan777 [17]
3 years ago
13

Moorman Corporation has an activity-based costing system with three activity cost pools--Processing, Setting Up, and Other. The

company's overhead costs consist of equipment depreciation and indirect labor and are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Equipment depreciation totals $59,000 and indirect labor totals $8,000. Data concerning the distribution of resource consumption across activity cost pools appear below:
Processing Setting Up Other
Equipment depreciation 0.55 0.20 0.25
Indirect labor 0.30 0.20 0.50
Required:
a. Assign overhead costs to activity cost pools using activity-based costing.
Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer:

<em>Overhead</em><em>:</em>

Other           18,750

Setting up   13,200

Processing 34,850

Explanation:

We multiply each activity cost pool by the rate of each department, then we add them to get the total overhead per department:

<u><em>Processing</em></u>

Depreciation: 55% x 59,000 = 32,450

Indirect labor: 30% x   8,000 =<u>   2,400  </u>

Total:                                           34,850

<u><em>Setting Up</em></u>

Depreciation: 20% x 59,000  =  11,800

Indirect labor: 20% x   8,000  =<u>   1,600  </u>

Total:                                            13,200

<u><em>Other</em></u>

Depreciation: 25% x 59,000  =  14,750‬  

Indirect labor: 50% x   8,000  =<u>  4,000  </u>

Total:                                           18,750

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lukranit [14]

Answer:

Fixed cost= $50,000

Explanation:

The high low method is the process by which highest level of activity ND lowest level of activity are comapred along with total cost at each level. Fixed and variable cost can be calculated using equations.

Variable cost= (Highest activity cost- Lowest activity cost)/(Highest activity unit- Lowest activity unit)

Variable cost= (110,000-87,500)/ (4,000-2,500)

Variable cost= 22,500/ 1,500= $15 per unit

Fixed cost= High activity cost- (Variable cost* High activity units)

Fixed cost= 110,000- (15*4,000)

Fixed cost= 110,000- 60,000

Fixed cost= $50,000

8 0
3 years ago
The private internet system that links government supercomputer centers and a select group of universities is called __________.
dlinn [17]
My best guess is "intranet" (NOT "internet").
8 0
4 years ago
Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s recor
Delicious77 [7]

Answer:

Income statement for the year XXXX ended August 31th

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Explanation:

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marshall27 [118]

Answer:

Option (C) is correct.

Explanation:

Given that,

Population rises from 40 million to 44 million

Country's Real GDP rises from $825 billion to $890 billion during this same period.

Therefore,

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Initial per capita growth:

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= $20.227

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