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Vadim26 [7]
3 years ago
10

Under the ABC costing method,

Business
1 answer:
kicyunya [14]3 years ago
7 0

Answer:

d. All of these choices are correct.

Explanation:

Activity Based Costing system is the cost attribution to cost units (products) on the basis of benefits received from indirect activities, that is overheads that can not be allocated to a particular product or process.

So the process involves identifying activities driving the overheads. Determining the activity rates and assigning the costs using activity rate.

So, all the options given are applicable.

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3 0
3 years ago
Pension data for Coda Corporation included the following for the current calendar year: Service cost $ 112,000 PBO, January 1 81
spayn [35]

Answer:

Pension expense   $100,000

Explanation:

The computation of the pension expense for the year is shown below:

Service cost   $112,000

Interest cost $64,800 ($810,000 × 8%)  

Amortization of prior service cost $6,600

Amortization of net loss $2,600

Less: Expected return on plan assets -$86,000  ($860,000 × 10%)

Pension expense   $100,000

4 0
3 years ago
An investment offers a total return of 11 percent over the coming year. Alex Hamilton thinks the total real return on this inves
Ahat [919]

Answer:

2.87%.

Explanation:

The total return, also refer to as Nominal return or Money return, is based on the nominal interest rate. For example, let's say that you deposited $100 into a bank account and the bank offers you an annual return of 11%. This 11% is the stated interest rate, it is known as nominal interest rate, and it is rate before taking into account the effect of inflation. When we deduct the effect of inflation from nominal rate, it gives us the real rate. Real rate reflects the Purchasing Power. The Fisher equation will be used to determine the expected inflation rate. The Fisher equation is as follows:

                                            (1 + i ) = (1 + r) * (1 + h)

where

i = Nominal (Money) rate

r = Real rate

h = Inflation rate

Simply adjust the equation to calculate the inflation rate;

⇒ h = [(1 + i) / (1 + r)] - 1

OR h = [(1 + .11) / (1 + .079)] - 1 = 2.87%.

8 0
3 years ago
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The
Sunny_sXe [5.5K]

Answer:

The amount of overhead applied to Job T687 is closest to: $280.

Explanation:

Predetermined rate = Budgeted Overheads / Budget Activity

                                 = $ 425,600 /  30,400

                                 = $14.00 per machine-hour

Applied overheads to job T687 = Predetermined rate × Actual machine hours used

                                                     =  $14.00 × 20

                                                     =  $280

Conclusion :

The amount of overhead applied to Job T687 is closest to: $280.

6 0
3 years ago
A company had been selling its product for $20 per unit, but recently lowered the selling price to $15 per unit. The company's c
sammy [17]

Answer:

$2,600

Explanation:

As we know that the inventory should be recorded at a cost or market value which ever is lower

In the given case,

The cost is

= 200 units ×$16 per unit

= $3,200

And, the market value is

= 200 units × $13 per unit

= $2,600

So as we can see that the lower value is $2,600 and the same is to be reported on the balance sheet

6 0
3 years ago
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