quiz chap 7 question 3

part 1

part 2

part 3

Activity Cost Pool Activity Measure Total Activity Removing asbestos Thousands of square feet 1,000 thousand square feet Estimating and job setup Number of jobs 400 jobs Working on nonroutine jobs Number of nonroutine jobs 100 nonroutine jobs Other (organization-sustaining costs and idle capacity costs) None Note: The 100 noncoutine jobs are included in the total of 400 jobs. Both nonroutine jobs and routine jobs require estimating and setup Costs for the Year Wages and salaries Disposal fees Equipment depreciation On-site supplies office expenses Licensing and Insurance Total cost $ 328,000 706,000 90,000 53,000 230,000 439,000 51,837,000 SON Distribution of Resource Consumption across Activities Estimating Working on Removing and Job Nonroutine Asbestos Setup Wases and salaries Jobs Other Total GOX 10 20% Disposal fees 10% 100% 60X Equipment depreciation OX 40% OX 100% A on site supplies x 20% 35% 100% 70% office expenses 20% 10% OX 100% 10% Licensing and Insurance 35% 251 100% 35% OX 50% 15% 100% Required: 1. Perform the first stage allocation of costs to the activity cost pools 2. Compute the activity rates for the activity cost pools 3. Using the activity rates you have computed, determine the total cost and the average cost per thousand square feet of each of the following jobs according to the activity based costing system a. A routine 1,000-square-foot asbestos removal job b. A routine 2.000-square-foot asbestos removal job Anonroutine 2000-square-foot asbestos removal job Complete this question by entering your answers in the tabs below GE RAG 2 ReG SA to ad Perform the fest stage allocation of costs to the activity cost pools MC Required: 1. Perform the first-stage allocation of costs to the activity cost pools. 2. Compute the activity rates for the activity cost pools. 3. Using the activity rates you have computed determine the total cost and the average cost per thousand square feet of each of the following jobs according to the activity-based costing system a. A routine 1,000-square-foot asbestos removal job b. A routine 2000-square foot asbestos removal job. c. A nonroutine 2,000-square-foot asbestos removal job. Complete this question by entering your answers in the tabs below. Rea 1 Reg 2 Reg 3A TO 3C Perform the first stage allocation of costs to the activity cost pools. Romoving Estimating and Job Setup Working on Non routine Jobs Other Total Wages and sales Disposales Equipment depreciation On-site supplies Office expenses Lleansing and insurance Total cost Req2 > Required: 1. Perform the first stage allocation of costs to the activity cost pools 2. Compute the activity rates for the activity cost pools 3 Using the activity votee you have computed determine the total cost and the average cost per thousand square feet of each of the following jobs according to the actvity-based costing system a. A routine 1000 square foot asbestos removal job b. A routine 2000-square-foot asbestos removal job C. Anoncoine 2.000 square foot asbestos removal job Complete this question by entering your answers in the tabs below. Red 4 14 V 1C compute the activity rates for the activity cow pools Activity Cout Pool Removing to Estimating and job soup Working on this Active per thousand square feet Der Job Det norge job Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3A to 30 Using the activity rates you have computed, determine the total cost and the average cost per thousand square feet of each of the following jobs according to the activity-based costing system. (Round the average cost per thousand square feet to 2 decimal places a. A routine 1.000-square-foot asbestos removal job. b. A routine 2,000-square foot asbestos removal job. C. A noroutine 2,000-square-foot asbestos removal job. Show less Routine 1.000 Routine 2.000 square footjob square footjob Nonroutine 2,000 square feet job Total cost of the job Average Cost per thousand square feet Required: 1. Perform the first stage allocation of costs to the activity cost pools 2. Compute the activity rates for the activity cost pools 3 Using the activity votee you have computed determine the total cost and the average cost per thousand square feet of each of the following jobs according to the actvity-based costing system a. A routine 1000 square foot asbestos removal job b. A routine 2000-square-foot asbestos removal job C. Anoncoine 2.000 square foot asbestos removal job Complete this question by entering your answers in the tabs below. Red 4 14 V 1C compute the activity rates for the activity cow pools Activity Cout Pool Removing to Estimating and job soup Working on this Active per thousand square feet Der Job Det norge job Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3A to 30 Using the activity rates you have computed, determine the total cost and the average cost per thousand square feet of each of the following jobs according to the activity-based costing system. (Round the average cost per thousand square feet to 2 decimal places a. A routine 1.000-square-foot asbestos removal job. b. A routine 2,000-square foot asbestos removal job. C. A noroutine 2,000-square-foot asbestos removal job. Show less Routine 1.000 Routine 2.000 square footjob square footjob Nonroutine 2,000 square feet job Total cost of the job Average Cost per thousand square feet