Acct. 202 - Chapter 17

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Addison Company...

$1,075,000

Clemson Co.

$168,334

Wallace Computer Company

$180,000, $135,000, $405,000

Berg Company... Using ABC

$218,000

Sitwell Corporation manufactures titanium and aluminum tennis racquets...

$22,500

Wilder Company

$30,600

Teller Inc...

$36,000, $54,000, $90,000

One of Hartman Company's activity cost pools is inspecting, with estimated overhead of $140,000...

$49,000

Daffodil Company produces two products, Flower and Planter...

$50.00

Berg Company incurs $320,000... If machining hours are used as a base...

$64,000

For its inspecting cost pool, Davidson, Inc....

$75 per inspection

An example of an activity cost pool is

Setting up machines

Which of the following is a limitation of activity-based costing

Some arbitrary allocations continue

To use activity-based costing, it is necessary to know the

all of these

The presence of any of the following factors would suggest a switch to ABC except when

Production managers are using data provided by the existing system

Which would be an appropriate cost driver for the ordering and receiving activity cost pool?

Purchase orders

Sanborn Industries has the following overhead costs...

240 per order

Johnstone Company...

3,328,000

A well-designed activity-based costing system starts with

Analyzing the activities performed to manufacture a product

In Japan,

Companies prefer volume measures such as direct labor hours to assign OC

An example of a cost which would not be assigned to an overhead cost pool is

Freight-out

The first step in activity-based costing is to

Identify and classify the activities involved in the manufacturing of specific products...

Which of the following is not a benefit of activity-based costing?

Less costly to use

Each of the following is a limitation of activity-based costing except that

More cost pools are used

Ordering materials, setting up machines, assembling products, and inspecting products are examples of

Overhead cost pools


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