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In: Accounting
Q: Give example related to ABC costing and find the overhead allocation rate for this example...
Q: Give example related to ABC costing and find the overhead allocation rate for this example using ABC Costing? Discuss the advantages of using ABC Costing?
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Give example of company using ABC costing I need an example
Give example of company using ABC costing I need an example
Q 4 Abdulkarim Company is using job costing system. The allocation base for overhead is number...
Q 4 Abdulkarim Company is using job costing system. The
allocation base for overhead is number of machine hours. The
company uses normal costing to compute the overhead allocation
rate.
The following data are available for 2017 year:
Estimated total overhead
cost
$270,000
Estimated total number of
machine-hours
200,000
Actual total overhead cost
$290,000
Actual total number of machine-hours
220,000
Job 630 used 14, 000 machine hours.
The company had job 630 and other jobs during...
1) Plantwide Overhead Rate 2) Departmental Overhead Rate 3) Activity Based Costing Example 1 (Plantwide Overhead...
1) Plantwide Overhead Rate
2) Departmental Overhead Rate
3) Activity Based Costing
Example 1 (Plantwide Overhead Rate): A business needs to
allocate factory overhead to a product. The direct material cost of
the product is $200 and the direct labor cost is $150. The business
applies factory overhead based on direct labor costs. Assume the
business estimated factory overhead cost to be $350,000 and direct
labor costs to be $250,000 for the year. The business can sell the
product for...
Give example of company using ABC costing and explain the process used in this company to...
Give example of company using ABC costing and explain the
process used in this company to assign costs in an ABC system?
(ABC costing)
Give example of company using ABC costing and explain the process used in this company to...
Give example of company using ABC costing and explain the
process used in this company to assign costs in an ABC system?
(ABC costing)
A: Give example of company using ABC costing and explain the process used in this company...
A: Give example of company using ABC costing and explain the
process used in this company to assign costs in an ABC system?
(Week 7: Chapter 7, ABC costing)
Answer:
B: Give examples
of questions managers could ask to help them identify relevant
qualitative factors that will be used before making decision?
(Week 9: Chapter 4, Relevant information for
decision making)
Answer:
please provide answer in writing not with a photo
ABC is a job-order costing manufacturer that uses a plantwide overhead rate based on machine hours....
ABC is a job-order costing
manufacturer that uses a plantwide overhead rate based on machine
hours. Estimations for the year
include $2,000,000 in overhead and 1,000,000 machine hours. ABC
produced four products in March. Data are as follows:
Product89
Product90
Product91
Product92
Balance, 3/1
$70,000
$20,000
$ 0
$ 0
Direct materials
$30,000
$80,000
$100,000
15,000
Direct labor cost
$25,000
$ 40,000
$60,000
$10,000
Actual machine hours – for month
1,000
2,000
3,000
500
By March 31, Jobs 89,...
Q1 Give example of company using ABC costing and explain the process used in this company...
Q1 Give example of company using ABC costing and explain the
process used in this company to assign costs in an ABC system?
Q 2 Give
examples of questions managers could ask to help them identify
relevant qualitative factors that will be used before making
decision?
Q 3 Kadhim Co.
manufactures product B which is a part of its main product. Kadhim
Co makes 50,000 units of product B per year. The production costs
are detailed below. An...
Q1 Give example of company using ABC costing and explain the process used in this company...
Q1 Give example of company using ABC costing and explain the
process used in this company to assign costs in an ABC system?
(Week 7: Chapter 7, ABC costing)
Answer:
Q 2 Give
examples of questions managers could ask to help them identify
relevant qualitative factors that will be used before making
decision? (Week 9: Chapter 4, Relevant
information for decision making)
Answer:
Q1 Give example of company using ABC costing and explain the process used in this company...
Q1 Give example of company using ABC costing and explain the
process used in this company to assign costs in an ABC system?
Answer:
Q 2 Give
examples of questions managers could ask to help them identify
relevant qualitative factors that will be used before making
decision?
Answer:
Q 3 Kadhim Co.
manufactures product B which is a part of its main product. Kadhim
Co makes 50,000 units of product B per year. The production costs
are detailed...
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