Ready Ride is a trucking company. It provides local, short-haul, and long- haul services. It has developed
Question:
(a) Compute the activity-based overhead rates for each pool.
(b) Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics.
Transcribed Image Text:
Expected Use of Cost Driver per Activity 90,000 600,000 3,000 Activity Cost Pools Cost Drivers Estimated Overhead Loading and unloading Number of pieces90,000 Travel Miles driven Hours 450,000 75,000 Logistics
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a Computation of activity based overhead cost for year 2017 Hen...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial and Managerial Accounting
ISBN: 978-1118334263
2nd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
Ready Ride is a trucking company. It provides local, short-haul, and long-haul services. It has developed the following three cost pools. (a) Compute the activity-based overhead rates for each pool....
-
Knoll Company began operations on January 1, 2012, by issuing common stock for $94,000 cash. During 2012, Knoll received $77,000 cash from revenue and incurred costs that required $90,000 of cash...
-
Weldon Company began operations on January 1, 2015, by issuing common stock for $86,000 cash. During 2015, Weldon received $75,000 cash from revenue and incurred costs that required $84,000 of cash...
-
This histogram shows the times, in minutes, required for 25 rats in an animal behavior experiment to successfully navigate a maze. Which of the following best describes the shape of the histogram? A....
-
Averill Company sells a product for $100 per unit. The variable cost is $80 per unit, and fixed costs are $140,000. Determine (a) The break-even point in sales units and (b) The breakeven point in...
-
Proration of overhead with two indirect cost pools. New Rise, Inc., produces porcelain figurines. The production is semi-automated where the figurine is molded almost entirely by operator-less...
-
The finite element method is a. an approximate analytical method b. a numerical method c. an exact analytical method
-
Bretts Restaurant Supply is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the companys upcoming cash receipts and cash disbursements: a....
-
In outer space, a constant force is applied to a 33.3 kg probe initially at rest. The probe moves a distance of 105 m in 14 s. Part A What acceleration does this force produce? Express your answer in...
-
Castergourd Home Products makes two types of butcher-block tables: the Beefeater and the Deutschlander. The two tables are made in the same facility and require the same amount of labor and...
-
Pine and Danner is an architectural firm that is contemplating the installation of activity-based costing. The following activities are performed daily by staff architects. Classify these activities...
-
Saddle Inc. has two types of handbags: standard and custom. The controller has decided to use a plantwide overhead rate based on direct labor costs. The president has heard of activity-based costing...
-
At the end of each year, you plan to deposit $2,000 in a savings account. The account will earn 9 percent annual interest, which will be added to the fund balance at year-end. The first deposit will...
-
On December 31, Year 4, Rent Company exchanged 25,000 shares of its $10 par value stock for all of the outstanding shares of Subic Company. The fair value of Rent's stock was $40 at the date of...
-
Wales's age 644 has been part if his employer dbl for the last 26 years. Pension contributions are 4% of his salary and this is matched by his employer benefits under the plan are based on 1.5% of...
-
What can reflective statements be challenging in the oars model? Provide Explanation.
-
To continue the balance sheet workings, total liabilities 161,500; under the stockholders' equity: common stock is 5,000; additional paid-in capital is 15,000; retained earnings is missing; total...
-
An electron initially moves left to right long the x axis with a KE of 3.33 x 10-17 J. It moves into an electric field, which points in the positive x direction, and travels a distance of 0.600 m...
-
A carnival has a Ferris wheel with a diameter of 80 feet. The time for the Ferris wheel to make one revolution is 75 seconds. What is the linear speed in feet per second of a point on the Ferris...
-
Convert the numeral to a HinduArabic numeral. A94 12
-
Data for Rosenthal Company are presented in P17-3B. Instructions Prepare the operating activities section of the statement of cash flows using the direct method.
-
The income statement of Brislin Inc. reported the following condensed information. Brislins balance sheet contained these comparative data at December 31. Brislin has no depreciable assets. Accounts...
-
Data for Brislin Inc. are presented in P17-5B. Instructions Prepare the operating activities section of the statement of cash flows using the direct method.
-
On January 3 1 st , Sarkis Corp purchased a business and recorded $ 2 4 , 0 0 0 of goodwill. On December 3 1 st , Sarkis impaired the goodwill by $ 8 , 0 0 0 . What is the remaining goodwill for tax...
-
Sunland Company sells product 2 0 0 5 WSC for $ 7 0 per unit and uses the LIFO method. The cost of one unit of 2 0 0 5 WSC is $ 6 7 , and the replacement cost is $ 6 6 . The estimated cost to dispose...
-
Susan Wilson is opening a small flower shop that will focus primarily on delivery, though it will provide a small showroom for walk-in customers. A local florist is retiring and selling her small...
Study smarter with the SolutionInn App