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riadik2000 [5.3K]
3 years ago
6

Washington, Inc. produces two different products (Product C and Product 2) using two different activities: Machining, which uses

machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $900,000, while the cost of Inspection is $41,080. The activity drivers are used as follows:
Product C Product 2 Total
Machine hours 1,100 3,800 4,900
Number of batches 49 17 66

What is the activity rate for Inspection?
Business
1 answer:
mariarad [96]3 years ago
5 0

Answer:

  =  $622.42 per inspection

Explanation:

<em>Under activity-based costing method, overheads are charged to units produced using cost drivers unlike the traditional absorption costing where overhead are charged using volume-related bases only like direct labour hours.</em>

<em>Cost drivers are the most important factors that cause a change in the amount of overhead incurred. For example, an appropriate cost driver for ordering cost would be the number of orders processed. And this would be used to charged overhead among the products responsible for the overheads</em>

<em>Overheads Activity rate = Activity overhead / number of cost drivers</em>

Activity rate for inspection = inspection cost/ Total number of batches

    =  $41,080/ (47+17) batches

  =  $622.42 per inspection

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Around the world oil is priced consistently in United States dollars. In economic terms this is an example of:
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Answer: unit of account

Explanation:

The unit of account is function of money which refers to the standard monetary unit of measurement of a good or service.

Since oil is priced consistently in United States dollars around the world, this means that dollars is the standard monetary unit of measurement and is therefore, the unit of account.

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2 years ago
We assume that when a firm hires additional workers, the marginal physical product of labor will:
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What are the primary strategies that can help groups reach consensus?
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Answer and explanation:

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3 years ago
Long-term objectives are useful because they Multiple choice question. can be accurately measured, whereas short-term objectives
belka [17]

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Option B

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Option B:

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6 0
3 years ago
A business rents bicycles and in-line skates. Bicycle rentals cost $25 per day, and in-line skate rentals cost $20 per day. The
Alja [10]

Answer:

a.

25 b+20 s=455...equation 1

b+s=20...equation 2, where b and s are the number of bicycle and in-line skate rentals per day.

b. The business had 11 bicycle rentals and 9 in-line skate rentals.

Explanation:

a.

<em>Step 1: Determine an equation for total revenue today</em>

Since the business rents bicycles and in-line skates, the total revenue will be as a result of amount received in revenue from renting the bicycles and in-line skates. This can be expressed as shown;

T=(B×b)+(S×s)

where;

T=total revenue

B=bicycle rental cost per day

b=number of bicycles

S=in-line skate rental cost per day

s=number of in-line skates

In our case;

T=$455

B=$25 per day

b=unknown

S=$20 per day

s=unknown

Replacing;

(25×b)+(20×s)=455

25 b+20 s=455...equation 1

<em>Step 2: Determine an equation for total rentals today</em>

The equation for the total number of rentals is;

R=b+s

where;

R=total number of rentals today

b=number of bicycles

s=number of in-line skates

In our case;

R=20

b=unknown

s=unknown

Replacing;

b+s=20...equation 2

b.

<em>Step 3: Combine equation 1 and 2 ans solve simultaneously</em>

1(25 b+20 s=455), multiplying equation 1 by 1=25 b+20 s=455

     20(b+s=20), multiply equation 2 by 20=20 b+20 s=400

25 b+20 s=455

-

20 b+20 s=400

5 b+0 s=55

(5 b)/5=55/5=11

b=11, replace the value for b in equation 2 and solve;

(20×11)+20 s=400

220+20 s=400

20 s=400-220=180

20 s=180

s=(180/20)=9

The business had 11 bicycle rentals and 9 in-line skate rentals.

8 0
3 years ago
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