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aev [14]
2 years ago
15

Millner Corporation has provided the following data from its activity-based costing accounting system: Activity Cost Pool Total

Cost Total Activity Designing products $ 1,372,448 7,798 product design hours Setting up batches $ 33,300 740 batch set-ups Assembling products $ 126,160 6,640 assembly hours The activity rate for the "designing products" activity cost pool is closest to:
Business
1 answer:
ryzh [129]2 years ago
4 0

Answer:

Activity rate = $176  per hour

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers.  </em>

<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.  </em>

<em>Activity rate per driver is calculated as:  </em>

Activity overhead for the period / Total cost drivers for the period   Designing products activity cost pool= designing cost /product design hours

        = $1372,448/7,798 hours

       = $176  per hour

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An artist who uses a spontaneous, less fussy approach to painting can be said to be using the ____________ technique
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The technique that the artist is using could be described as the alla prima technique in which it is often used in paintings such as the oil paintings. It is a painting technique that uses wet paint to be able to give out its spontaneous and fuzzy look. The wet paints that are being applied to the portrait has many layers to show its structure or the beauty of the technique.
3 0
2 years ago
QS 11-6 Recording employer payroll taxes LO P3 Merger Co. has 10 employees, each of whom earns $1,550 per month and has been emp
Gre4nikov [31]

Answer:

March 31, 202x, payroll tax expenses

Dr FICA tax (OASDI) expense 961

Dr FICA tax (Medicare) expense 224.75

Dr FUTA tax expense 93

Dr SUTA tax expense 837

    Cr FICA tax (OASDI) payable 961

    Cr FICA tax (Medicare) payable 224.75

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Explanation:

Since we are calculating only payroll taxes, the wages expense is not included in this journal entry.

total payroll for the 10 employees = 10 x $1,550 = $15,500

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4 0
2 years ago
A quality improvement project was initiated in an industry that has seasonal demand for their product, coolers/ice chests, which
Vika [28.1K]

Answer:

The correct answer is letter "A": Histogram.

Explanation:

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Thus,<em> the project in the example can use a histogram to portrait its level of sales through the different seasons.</em>

7 0
2 years ago
Country A has an absolute advantage over Country B in the production of both soybeans and corn. Explain a scenario in which both
Genrish500 [490]
This is a key idea with international trade.  This involves what is known as comparative advantage.
let's say country A can produce a ton of soybeans in 4 hours and a ton of corn in 2 hours.  While country B can produce a ton of soybeans in 15 hours and a ton of corn in 5 hours.  
Looking at this set up you can see that country A can produce both corn and soybeans faster, so they have an absolute advantage in both!
However what trade is based on is opportunity cost.  So if we think about how much corn country A has to give up to produce soybeans, they have to divert a total of 4 hours from corn to soy beans to produce one ton of soy beans.  That 4 hours could be used to produce 2 tons of corn (since 2 hours for 1 ton and we're taking away 4 hours!).  So opportunity cost of soybeans in country A is 2 corn.
In country B they would need a total of 15 hours to produce one extra ton of soybeans, but those 15 hours could instead be used to produce 3 tons of corn (5 hours per ton and we're stealing 15 total hours).  That means country B's opportunity cost is 3 corn.
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3 0
2 years ago
Pablo Company has budgeted production for next year as follows: Quarter First Second Third Fourth Production in units 60,000 80,
KiRa [710]

Answer:

Budgeted purchases for second quarter is 165000 pounds

Explanation:

The per unit requirement of material A is 2 pounds.

We first need to calculate the closing inventory of Material A at the end of first quarter and at the end of second quarter.

<u />

<u>End of first quarter</u>

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 40000 pounds.

Production requirement - Second quarter = 80000 * 2 = 160000

25% of 160000 = 40000 pounds

<u />

<u>End of second quarter</u>

The closing inventory for First quarter should be enough to meet 25% production requirement for next quarter. 25% production requirement for second quarter is 45000 pounds.

Production requirement - Second quarter = 90000 * 2 = 180000

25% of 180000 = 45000 pounds

Budgeted Purchase -Second quarter = Closing Inventory in pounds + production in pounds - Opening Inventory in pounds

Purchase requirement - First quarter = 45000 + 160000 - 40000 = 165000 pounds

5 0
2 years ago
Read 2 more answers
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