Answer:
Apportioned set-up cost
Plus =$21,600
Max=$43,200
Explanation:
Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.
<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers. </em>
<em>The cost driver in this scenario is the number of set-ups</em>
Activity rate per driver is calculated as:
Activity overhead for the period / Total cost drivers for the period
So, we can apply this formula to the scenario above:
Set-up overhead= $64,800
Total set-ups for the period = 20 + 40 = 60
Overhead cost per set-up = $64,800/60=1,080
Set-up cost allocation:
Plus - 20 × 1,080=$21,600
Max- 40 × 1,080=$43,200
Apportioned set-up cost
Plus =$21,600
Max-=$43,200
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The following two errors were made in the physical inventory counts: 1. 2018 ending inventory was understated by $8,000. 2. 2019 ending inventory was overstated by $4,000.
We were not provided with the relevant information to recalculate the cost of goods sold, but, I can provide the formula to solve the problem.
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
1- COGS= beginning finished inventory + cost of goods manufactured - (ending finished inventory + 8,000)
2- COGS= beginning finished inventory + cost of goods manufactured - (ending finished inventory - 4,000)
Answer:
Option A is correct
Explanation:
Companies often use net book value or gross cost of the asset because<u> It is consistent with how assets are reported on the balance sheet</u>
<span>an MP3 player for $35.99 and a $20.00 gift card for downloading music
& three books of $16.99 each
It is because, Total money which he has to pay = 35.99 - 20.00 = 15.99
which is less than 55.00
In short, Your Answer would be Option C
Hope this helps!</span>
