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aleksklad [387]
3 years ago
7

Roshannon Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing sys

tem allocates two overhead accounts-equipment expense and indirect labor to three activity cost pools-Processing, Supervising, and Other based on resource consumption. Data to perform these allocations appear below: Overhead costs: Equipment expense $52,000 Indirect labor $8,000 Distribution of Resource Consumption Across Activity Pools: Activity Cost Pools Processing Supervising Other Equipment expense 20% 30% 50% Indirect labor 40% 40% 20% In the second stage, Processing costs are assigned to products using machine-hours (MHs) 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 for the company's two products follow: Activity: Machine hours (Processing) Batches (Supervising) Product P3 8,700 600 Product G0 11,300 1,400 Total 20,000 2,000 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Sales and Direct Cost Data: Product P3 Product G0 Sales (total) $140,100 $121,500 Direct materials (total) $47,500 $56,400 Direct labor (total) $78,200 $37,700 The activity rate for the Processing activity cost pool under activity-based costing is:
Business
1 answer:
Rina8888 [55]3 years ago
3 0

Answer:

Im figuring this out for you!

Explanation:

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7 0
3 years ago
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Which of the following statements about the income statement is false? a. The single-step format groups all income items togethe
Sophie [7]

Answer:

The statement which is false is D) .

Explanation:

Income statement helps in assessing the current and past performance of the company, it also helps in predicting the future performance and in assessing the risk present in future in obtaining cash flows. Income statement are prepared through two methods either single step format ( which is used by sole proprietor and partnership firms ) or multi step format ( used by corporations ) .

In the single step format , all the income items are group together and are subtracted from the total cost, while in multi step format , a company breaks all the sources from where the revenues and cost have come, it is used to take out various measures like gross profit, operating profit etc.

A common size statement is one of the type of income statement where each account item is represented as a percentage of total sales value.

Option D is false because discounted operations and extraordinary transactions appear on both the single step and multi step format , these transactions are written as written as footnote below the statement.

5 0
3 years ago
A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she o
tigry1 [53]

The worth of the shares when the stockholder originally purchased them is $1105.

<h3>What are shares?</h3>

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

  127 = $1,403

∴ 100 = $1,403/127 × 100

        = $1104.72

Therefore, $1104.72 is the original purchase price of the share.

To learn more about share, click here:

brainly.com/question/28392295

#SPJ1

7 0
1 year ago
Infinity Clock Company prepared the following static budget for the​ year: Static Budget ​Units/Volume 5 comma 000 Per Unit Sale
aalyn [17]

Answer:

a) Operating income - $33,800

Explanation:

<em>The flexible budget would be prepared for  a different activity level of 6,300 production units but using the assumptions of the fixed budget</em>

                                                                               $

Sales revenue - ($7× 6,300 units  )   :             44,100.00

Less Variable cost -      ($1 ×  6,300 units ) :      <u>( 6,300)</u>

Contribution                                                       37,800

Less Fixed costs                                                <u>(4,000)</u>

                                                                             <u>33,800</u>

<em>Note that the fixed costs of $4000 remains the same for both the static and flexible budgets. This is because the activity level of 6,300 units of the flexible budget remains within relevant range. So the fixed cost would not change.</em>

4 0
3 years ago
When you vote for the president who would you vote for.<br><br> please comment your answers below.
wolverine [178]

Answer:

fasho

me .

Explanation:

fasho fasho fasho

8 0
3 years ago
Read 2 more answers
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