The following information relates to overhead cost at Chocolates by lacki for the current year Total...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following information relates to overhead cost at Chocolates by lacki for the current year Total costs and distribution of resource consumption across activity cost pools Production Department Indirect factory wages Factory equipment depreciation Factory utilities Factory property taxes and insurance General Administrative Department Administrative wages and salaries Office equipment depreciation Adminstrative property taxes and insurance Marketing Department Marketing wages and salaries Selling expenses Total Cost $400,000 150,000 120,000 75,000 275,000 40,000 60,000 150,000 100,000 Required: Use the data to complete a first-Stage Allocation to Activity Cost Pools When completing the table, copy formulas as approriate Customer Orders 50% 55% 59% 57% 20% 32% 0% 20% 32% Activity Cost Pools Product Development 30% 30% 34% 33% 10% 16% 0% 10% 16% Customer Relations 15% 0% 0% 0% 40% 15% 40% 15% Other 5% 15% 7% 10% 30% 37% 100% 30% 37% Total 100% 100% 100% 100% 100% 100% 100% 100% 100% The following information relates to overhead cost at Chocolates by lacki for the current year Total costs and distribution of resource consumption across activity cost pools Production Department Indirect factory wages Factory equipment depreciation Factory utilities Factory property taxes and insurance General Administrative Department Administrative wages and salaries Office equipment depreciation Adminstrative property taxes and insurance Marketing Department Marketing wages and salaries Selling expenses Total Cost $400,000 150,000 120,000 75,000 275,000 40,000 60,000 150,000 100,000 Required: Use the data to complete a first-Stage Allocation to Activity Cost Pools When completing the table, copy formulas as approriate Customer Orders 50% 55% 59% 57% 20% 32% 0% 20% 32% Activity Cost Pools Product Development 30% 30% 34% 33% 10% 16% 0% 10% 16% Customer Relations 15% 0% 0% 0% 40% 15% 40% 15% Other 5% 15% 7% 10% 30% 37% 100% 30% 37% Total 100% 100% 100% 100% 100% 100% 100% 100% 100%
Expert Answer:
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Victorian Windows is a small company that builds specialty wooden windows for local builders. For years the company assigned overhead costs to products based on direct labor-hours (DLHs). However,...
-
A dead battery is charged by connecting it to the live battery of another car with jumper catbies (see ngure). (Take RL and reC.08n) 0.01 Stater 12V Dead banery Live batery Igninon wwich (a)...
-
1. Farmer Annie's Ice Cream Shop has calculated the marginal product of labor, and the results are shown in the following table. The wage for workers is $70 per day, and the pints of ice cream sell...
-
The 6-lb collar B slides on the frictionless arm AA??. The arm is attached to drum D and rotates about O in a horizontal plane at the rate = 0.8t, where and t are expressed in rad/s and seconds,...
-
Which of the following controls would be most effective in assisting the organi- zation in achieving the completeness objective? a. All employee time cards should be collected by the supervisor and...
-
What is civil litigation and how does it differ from other types of litigation?
-
Phelps Company distributed the following dividends to its stockholders: (a) 450,000 shares of Bedrock Corporation stock, carrying value of investment, $975,000; fair market value, $1,350,000. (b)...
-
Give advisories to an ailing company like Air Zimbabwe about the strategic changes that it may adopt to improve the performance of the organization.
-
Handy Howard's Incorporated, is a student co-op. Handy Howard uses a perpetual Inventory system, The following transactions (summarized) have been selected for analysis: a. Sold merchandise for cash...
-
Start your QuickBooks Online company. Complete all the hands-on work, step-by-step activities presented on pages 99- 140, and Exercise 3-1 and 3-2 on pages 140-143. To answer the questions below, use...
-
What forms of communications do you personally use to gather information about sports?
-
An audit trail in an EDI environment takes the form of a computer log, but may serve as the equivalent of the storage of source documents in a typical paper-based information system. Assume a company...
-
How does electronic commerce differ from EDI? What are the implications of these differences to the control and auditability of a company?
-
What reinforcements have been used to get you to go to work and to be on time?
-
Which of the following statements regarding analytical review procedures is not correct Analytical procedures a. Can be effective in auditing account balances when control risk is low and there is a...
-
A map that displays a point for every city in the `city_data_df` DataFrame. The size of the point should be the humidity in each city. import hvplot.pandas import pandas as pd import requests...
-
Figure displays a 12.0 V battery 3 four uncharged capacitors of capacitances C1 = 4.00F, C2 = 6.00F, and C3 = 3.00F. The switch is thrown to the left side until capacitor 1 is fully charged. Then the...
-
Lollar, Inc., is a giant provider of home furnishings. The company uses the FIFO inventory method. The following information was taken from the companys recent financial statements (dollar amounts...
-
Translate the following amounts of foreign currency into an equivalent number of U.S. dollars using the exchange rates in Exhibit 15.7. a. 800,000 b. 350,000 c.50,000 Exchange Rate (in foreign...
-
On August 3, Srini Construction purchased special-purpose equipment at a cost of $1,000,000. The useful life of the equipment was estimated to be eight years, with a residual value of $50,000. a....
-
Ammonia synthesis reaction is represented by \[ \mathrm{N}_{2}(\mathrm{~g})+3 \mathrm{H}_{2}(\mathrm{~g}) ightarrow 2 \mathrm{NH}_{3}(\mathrm{~g}) \] Initially, \(1 \mathrm{~mol}\) of nitrogen and...
-
A mixture of \(1 \mathrm{~mol}\) of sulphur dioxide gas, \(0.5 \mathrm{~mol}\) of oxygen gas and \(2 \mathrm{~mol}\) of argon gas are fed into a reactor at \(30 \mathrm{bar}\) and \(900 \mathrm{~K}\)...
-
The dissociation of phosphorus pentachloride takes place at \(250^{\circ} \mathrm{C}\) as \[ \mathrm{PCl}_{5} ightleftharpoons \mathrm{PCl}_{3}+\mathrm{Cl}_{2} \quad K_{P}=1.8 \] Calculate the...
Study smarter with the SolutionInn App