Use Table 1 to answer this question. XYZ Corporation has provided the following data from its...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Use Table 1 to answer this question. XYZ Corporation has provided the following data from its activity-based costing system (Table 1). The company makes 400 units of product ABA a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year. The product's direct materials cost is $35.72 per unit and its direct labor cost is $29.46 per unit. According to the activity-based costing system, the average cost of product ABA is closest to: Select one: O a. $96.28 per unit. O b. $92.49 per unit. O c. $89.72 per unit. O d. none of the given answer. Oe. $65.18 per unit. 4 Activity Cost Pool Assembly Processing orders Inspection Table 1 Total Cost $ 942,480 85,050 $ 126,854 Total Activity 66,000 machine-hours 1,800 orders 1,820 inspection-hours Use Table 1 to answer this question. XYZ Corporation has provided the following data from its activity-based costing system (Table 1). The company makes 400 units of product ABA a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year. The product's direct materials cost is $35.72 per unit and its direct labor cost is $29.46 per unit. According to the activity-based costing system, the average cost of product ABA is closest to: Select one: O a. $96.28 per unit. O b. $92.49 per unit. O c. $89.72 per unit. O d. none of the given answer. Oe. $65.18 per unit. 4 Activity Cost Pool Assembly Processing orders Inspection Table 1 Total Cost $ 942,480 85,050 $ 126,854 Total Activity 66,000 machine-hours 1,800 orders 1,820 inspection-hours
Expert Answer:
Answer rating: 100% (QA)
Answer c 8972 per unit The average cost of product ABA is closest to 8972 per unit ba... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
Students also viewed these accounting questions
-
The number of shares of common stock for three companies is given in the following table. Required: (a) What is the distinction between issued and outstanding shares of stock? (b) Determine the...
-
The company had 50,000 shares of common stock outstanding throughout the year. In addition, as of January 1, the company had issued 100 convertible bonds ($1,000 face value, 10%). The company has no...
-
The company had 200,000 shares of common stock outstanding on January 1. In addition, as of January 1, the company had issued 5,000 convertible preferred shares (cumulative, 5%, $100 par). These...
-
A standard "35-mm" slide measures 24.0 mm by 36.0 mm. Suppose a slide projector produces a 60.0-cm by 90.0-cm image of the slide on a screen. The focal length of the lens is 12.0 cm. (a) What is the...
-
What are the perfect financial market assumptions? What is their implication for multinational financial management?
-
Refer to his rsum and draft a cover letter using the AIDA format. Evaluate your draft using the guidelines described in this section.
-
Kronenberger Burgoyne, LLP, was a law firm with two equity partners who agreed to equal ownership as of 2009. Before 2009, Kronenberger had owned a majority interest in the firm, and when, in 2011,...
-
Bob Farrell, owner of Farrell Motors, is trying to decide whether to buy an insurance policy to cover hail damage on his inventory of more than 200 cars and trucks. Thunderstorms occur frequently,...
-
Which data model provides a user with the best "program-data independence"? A. Hierarchial Model B. Network Model C. Relational Model D. Entity Relationship Model Why?
-
Bronys Bikes maintains two general demand deposit bank accounts and an imprest payroll account. One of the general bank accounts and the payroll account are with Dallas Dollar Bank. The second demand...
-
a) Figure out FOUR (4) factors that LG Electronics (M) Sdn Bhd need to consider when they decide to open more stores in Malaysia.
-
Importance of Quality Control This space has been created for you to share with your classmates about the importance of the use of quality control methods in companies. The student will assume the...
-
How does change resilience theory inform interventions aimed at enhancing individual and organizational capacity to adapt, bounce back from setbacks, and thrive amidst ongoing disruptions and...
-
How does the concept of change leadership differ from traditional notions of management, and what competencies are required for leaders to effectively navigate the complexities of change, inspire...
-
8. A hockey puck of mass 0.38 kg is shot west at 2.20 m/s strikes a second puck, initially at rest, of mass 0.57 kg. As a result of the collision, the first puck is deflected at an angle of 40 south...
-
Why or what purpose was the Corporate Communication Unit/Department set up at many companies? Discussion must be supported with three Literature Reviews.
-
You have been hired to work in the research department of a major commercial bank. The foreign exchange dealers have told you that they have some of the world's smartest investors among their client...
-
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cashflows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit...
-
The fact that generally accepted accounting principles allow companies flexibility in choosing between certain allocation methods can make it difficult for a financial analyst to compare periodic...
-
Bronson Industries reported a deferred tax liability of $8 million for the year ended December 31, 2010, related to a temporary difference of $20 million. The tax rate was 40%. The temporary...
-
Calaveras Tire exchanged machinery for two pickup trucks. The book value and fair value of the machinery were $20,000 (original cost of $65,000 less accumulated depreciation of $45,000) and $17,000,...
-
W hat is diauxic growth? Explain the roles of cAMP and CAP in this process.
-
What is antisense RNA? How does it affect the translation of a complementary mRNA?
-
List and describe three general ways that the functions of transcription factors can be modulated.
Study smarter with the SolutionInn App