Business, 01.02.2021 22:40, kelseychristian24

Flemming Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools--Machining, Order Filling, and Other. The costs in those activity cost pools appear below: Machining $20,900
Order Filling $22,900
Other $29,200
Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:
MHs (Machining) Orders (Order Filling)
Product U6 9,600 600
Product Z8 400 400
Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins.
Product U6 Product Z8
Sales (total) $185,100 $178,100
Direct materials (total) $56,600 $98,600
Direct labor (total) $83,400 $63,700
The activity rate for Machining under activity-based costing is closest to:.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 05:40, Jenan25

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Answers: 1

continue

Business, 22.06.2019 13:50, tinasidell1972

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Answers: 2

continue

Business, 22.06.2019 17:00, Ididntwanttomakethis

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:

Answers: 2

continue

Business, 22.06.2019 19:00, HahaHELPP

Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk

Answers: 2

continue

Do you know the correct answer?

Flemming Corporation uses activity-based costing to compute product margins. Overhead costs have alr...