Which of the following scenarios is typically an appreciating asset?

Which of the following is the proper sequence of events in an activity-based costing system? a. Calculation of pool rates, ident

bekas [8.4K]

Answer:

The correct answer is letter "B": Identification of cost pools, identification of cost drivers, calculation of pool rates, assignment of cost to products.

Explanation:

Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. ABC is primarily used in the manufacturing sector to make a better calculation of the true cost of production per unit. For that purpose, ABC follows this sequence:

1) Identification of the activities for the creation of the product

2) Divide the activities into cost pools

3) Assign each cost pool to a cost driver

4) Calculation of the cost driver rates

5) Assignment of cost to products

6 0

3 years ago

Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 50,00

pochemuha

Answer:

The incremental costs of making and buying component RX5 is $100,000

Explanation:

For computing the increment cost of making and buying component RX5, first we have to compute the cost of making and buying component RX5 separately.

Cost of making includes:

Direct Material = 50,000 × $5 = $250,000

Direct Labor = 50,000 × 9 = $450,000

Variable Overhead cost = 50,000 × 10 × 30% = $150,000

So, total cost of making = Direct material cost + direct labor cost + variable overhead cost

= $250,000 + $450,000 + $150,000

= $850,000

Now, the cost of buying component is equals to

= units × RX5 per unit

= 50,000 × $19

= $950,000

So, the incremental costs of making and buying component RX5 is equals to

= cost of making - cost of buying component

= $950,000 - $850,000

= $100,000

Hence, the incremental costs of making and buying component RX5 is $100,000

7 0

3 years ago

Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou

sattari [20]

Answer:

The formula to calculate the Budget Balance is

Government Income - Government Expenditure

in this case

$1.05 billion - $1.06 billion = -<u> 0.01 billion or - $100 million</u>

Explanation:

A budget balance is reached when a government expenditures are equal to it's income.

In this case, since the country's only source of income it is slightly less than than what is required to run the government, it has a budget deficient.

Since the country does not export or trade with outside countries, the government will need to take out a loan to make up for this deficient.

5 0

3 years ago

Exercise 19-08 a-b Oriole Corporation incurred the following costs while manufacturing its product.

telo118 [61]

Answer:

$371,700

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods manufactured = Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work in process inventory - ending work in process inventory

where,

Manufacturing overhead cost is

= Depreciation on plant + Factory supplies used + Property tax on plant

= $61,000 + $29,300 + $21,800

= $112,100

The cost of goods manufactured is

= $126,400 + $113,500 + $112,100 + $14,600 - $16,700

= $349,900

Now the cost of goods sold is

= Beginning finished goods + Cost of goods manufactured - ending finished goods

= $70,900 + $349,900 - $49,100

= $371,700

6 0

3 years ago

Michael Bilkman has an opportunity to buy a perpetuity that pays $12,450 annually. His required rate of return on this investmen

AlladinOne [14]

Answer:

$266,667.

Explanation:

P / (r-g) = Periodic payment / Interest rate - Growth rate

= 24,000 / (0.12 - 0.03)

= 24,000 / 0.09

= $266,667on:

i think thats it if i am wrong i am very sorry tellme if i am right or wrong.

7 0

3 years ago