Answer:
The activity rate for the machine setup cost pool is $160.00
Explanation:
The activity rate for machine setup cost pool is computed as :
machine setup costs/number of setups
Machine set up costs is $41600
Number of setups is 260 setups
Activity rate for machine setup=$41600/260
=$160.00
The activity rate for machine setup is $160 per setup
Activity rate shows how much per activity is allocated to product under activity based.
Determining activity rate is the of one steps to be taken in Activity Based Costing and Activity Based Management
The other steps include:
Identification of activity incurring costs
Assigning costs to activity
Assignment of costs to cost objects and so on.
<u>The answer is "the face".</u>
Robert Fantz began estimating the measure of time babies spent taking a gander at something as an approach to check how keen on it they were. Fantz announced that a two-month-old child spent twice as long taking a gander at a portray of the human face as at a bullseye, for example. Tests in view of look estimations have been the field's workhorse from that point onward. It is no misrepresentation to state that without looking-time measures, we would know almost no about almost any part of baby improvement.
A control account appears in the general ledger and is supported by a subsidiary ledger.
<h3>What is a control account in accounting?</h3>
A control account is known to be a summary-level account that is found the general ledger.
This account is made up of aggregated totals for transactions that are personally stored in subsidiary-level ledger accounts.
Note that;
- The control account in the general ledger is known as Accounts Payable account.
- When postings are complete, the subsidiary ledger are said to be equal the balance of the Accounts Payable account in the general ledger.
- The subsidiary ledger is accurate by preparing a schedule of accounts payable and linking it against the balance in the control account.
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Answer:
D). Resale, Direct Use in Producing Other Products and Use in General Daily Operations
Explanation:
Business Groups represent a group of people who purchase goods and services for resell, new products and daily operations purposes.
Resale Purpose- This include wholesalers and retailers, they purchase these goods and services do not modify them but sell them in order to make profits. These are called Reseller markets
Use in Producing other Products- This include category of Producer markets. They include manufacturing and construction compaines, they buy goods and services for use in producing sellable products to consumers for profit making.
Direct use in General Daily Operations- Those who purchase goods and services for direct use are divided into two categories and they are not for profit making purposes.
- Government Markets- They buy goods and services through bidding processes and they include state, local and federal governments
- Institutional Markets- They include religious organisations among other NGOs who purchase goods an services to ensure community benefits.
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Many companies offer employees health savings accounts (hsas) instead of traditional health care plans. HSAS provide each employee with money (usually between $500 and $1,000 per year) that can be used for any health care expense but then require employees to cover a much higher portion of expenses beyond that.
An issue of Equity may arise from this model because Health savings account will cause greater problem to low income employees because they will bear a greater burden covering health care expenses.
<h3>
What is Health Savings Account?</h3>
Health saving account refers to a tax-advantaged account which is designed to help people save for medical expenses that are not reimbursed by high-deductible health plans.
This type of health plans will not be in the Interest of low income earners because they may suffer from illnesses which their total health care savings can not offset.
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