1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
daser333 [38]
2 years ago
8

Lysiak Corporation uses an activity based costing system to assign overhead costs to products. In the first stage, two overhead

costs--equipment depreciation and supervisory expense-are allocated to three activity cost pools--Machining, Order Filling, and Other--based on resource consumption. Data to perform these allocations appear below:
Overhead costs:
Equipment depreciation $ 47,000
Supervisory expense $ 6,000
Distribution of Resource Consumption Across Activity Cost Pools:
Activity Cost Pools
Machining Order Filling Other
Equipment depreciation 0.60 0.10 0.30
Supervisory expense 0.60 0.20 0.20
In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow:
Activity:
MHs (Machining) Orders (Order Filling)
Product C9 6,900 200
Product U0 3,100 800
Total 10,000 1,000
What is the overhead cost assigned to Product C9 under activity-based costing?
Business
1 answer:
enot [183]2 years ago
5 0

Answer:

$23,122

Explanation:

Calculation to determine the overhead cost assigned to Product C9 under activity-based costing

First step is to calculate the cost allocation to machining activity and order filling

MACHINING

Equipment depreciation (0.60 : 0.10 : 0.30)

Machining=$47,000 x 0.60 = $28,200

Supervisory expense (0.60 : 0.20 : 0.20) Machining=$6,000 x 0.60 = $3600

Total $31,800

($28,200+$3,600)

ORDER FILLING

Equipment depreciation (0.60 : 0.10 : 0.30)

Order filling=$47,000 x 0.10 = $4,700

Supervisory expense (0.60 : 0.20 : 0.20)

Order filling=$6000 x 0.20 = $1,200

Total $5,900

($4,700+$1,200)

Second step is to calculate the Assign overhead costs to products:

Assign overhead costs to products:

Machining= $31,800 ÷ 10,000 MHs

Machining= $3.18 per MHOrder

Order Filling=$5,900 ÷ 1,000 orders

Order Filling = $5.90 per order

Now let calculate the Overhead cost for Product C9

Machining= $3.18 per MH × 6,900

Machining=$21,942

Order Filling= $5.90 per order × 200 Orders Order Filling=$1,180

TOTAL $23,122

($21,942+$1,180)

Therefore the overhead cost assigned to Product C9 under activity-based costing is $23,122

You might be interested in
As managers use less and different types of direct materials, which of the following standards do managers focus on to enhance s
seropon [69]

Answer:

D) Both A and B

Explanation:

A sustainable workplace is the setup of the workplace in which the environment is employee-friendly. The cases of accidents and injuries and bad environment are absent in such type of workplace. The employees find such places a very healthy and favorable. It helps in generating a sound profit for the organizations.

6 0
3 years ago
While implementing an affirmative action plan, an employer is expected to do all of the following except:establish objectives th
Zigmanuir [339]

Answer:

set quotas for the underrepresented groups, and ensure they are met even if it is necessary to hire a less qualified candidate.

Explanation:

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

Planning is a term used to describe the process of developing the organization's objectives and translating those into courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

While implementing an affirmative action plan, an employer is expected to do all of the following;

I. Establish objectives that can be met by applying good faith efforts.

II. Make all employment decisions in a nondiscriminatory manner.

III. Ensure that hiring objectives do not establish a floor or a ceiling for employment of certain groups.

8 0
2 years ago
Tax rates for propietorships, partnerships, and llcs __________ with the passage of the tax cuts and jobs act of 2017.
Andreyy89

Tax rates for proprietorships, partnerships, and LLCs changed with the passage of the tax cuts and the jobs act of 2017.

<h3>What are the tax cut and job act 2017?</h3>

Deductions, depreciation, expensing, tax credits, and other business-related tax items have been altered as a result of the Tax Cuts and Jobs Act ("TCJA"). Business owners can use this side-by-side comparison to comprehend the changes and make appropriate plans.

Some TCJA provisions that apply to individual taxpayers may also have an impact on corporate taxes. Reviewing the revisions to the individual tax code will help businesses and self-employed people understand how these provisions may affect their own business position.

For regular updates on tax reform, check IRS.gov/taxreform. Businesses can learn more about the provisions below and access the most recent information at Tax Reform Provisions that Affect Businesses.

To know more about the Tax cuts and job act, visit:

brainly.com/question/26428089?

<h3 />

3 0
1 year ago
Casonnewton answer this to get your brainliest.
Nesterboy [21]
I would like the brainliest please
3 0
3 years ago
Read 2 more answers
William pays his $500 premium every 6 months for automobile insurance with collision coverage. His deductible is $750. William c
Ronch [10]
He will pay $350 out-of-pocket for the repairs.
7 0
3 years ago
Other questions:
  • Supply chain ______ determines how to structure a supply chain including the product, selection of partners, the location and ca
    15·1 answer
  • Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services were performe
    12·1 answer
  • Which of the following statements is true concerning stock splits? a.The total number of shares outstanding does not change afte
    10·1 answer
  • Before polling students in the Scion of Business, a researcher divides all the current students into groups based on their class
    9·1 answer
  • Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand
    6·1 answer
  • Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $5
    10·1 answer
  • Neolithic people practiced metallurgy.
    11·2 answers
  • On January 1, 20X2, X Company made modifications to an asset used in its manufacturing operations in order to extend its useful
    10·1 answer
  • Explain one disadvantage to an established business of using segmentation?? Please answer urgent!!
    13·1 answer
  • A _____ is an experienced person who provides guidance to someone new to the workplace.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!