Answer: C. Identify a single overhead rate as the predetermined overhead rate.
Explanation:
Activity based costing works by assigning indirect and overhead costs to the activities that caused the costs to be incurred and then assigning those activities to the products those activities helped produce such that indirect and overhead costing is more accurate.
The steps involved include, tracing and allocating overhead costs to activity coat pools, identifying and classifying the major activities involved in the manufacture of specific products, and assigning overhead costs to products based on cost drivers.
It does not include identifying a single overhead rate as the predetermined overhead rate. This is a step is in Standard Costing.
Answer:
For equipment = $430,000
For accumulated depreciation = $104,000
Explanation:
The solution of balances for equipment and accumulated depreciation is shown below:-
balances for equipment and accumulated depreciation
Particulars Equipment Accumulated depreciation
Beginning balance $390,000 $78,000
Add:
Addition $84,000 $32,000
Less:
Disposition ($44,000) ($6,000)
Balance $430,000 $104,000
Answer:
$22,750
Explanation:
Data provided
Fixed manufacturing overhead = $16,500
Units produced = 5,000
Variable manufacturing overhead = $1.25
The computation of the total amount of manufacturing overhead cost is shown below:-
Manufacturing overhead = Fixed manufacturing overhead + Variable manufacturing overhead
= $16,500 + (5,000 × $1.25)
= $16,500 + $6,250
= $22,750
Option A should be the best answer for above question. All other choices listed are already offered by companies nowadays. Pensions are only given companies as payment to their contributions to their previous company.<span />
Answer:
because if they don't they could steal from them and markets could be shut down
Explanation:
