Dercole Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated to the company's three activity cost pools as follows: Machining, $43,200; Order Filling, $13,900; and Other, $14,900. 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 N87,300600Product Y42,7001,400What is the overhead cost assigned to Product N8 under activity-based costing?
A. $36,000
B. $31,536
C. $35,706
D. $4,170
Answer: C
You might also like to view...
One of the dimensions of trustworthiness is ______, which is getting the task done.
a. effectiveness b. competence c. productivity d. efficiency
Knowing your purpose enables you to ____ after you deliver your presentation
A) analyze your audience B) understand your audience's motivations C) evaluate the quality of data D) review the quality of visual aids E) assess your effectiveness
John has invented a device to monitor the tire pressure on bicycle tires. This device consists of a
tire pressure sensor on the tire with a radio transmitter and a receiver mounted on the handlebars to give a readout of the pressure. The radio transmitter is similar to existing designs, but one has never been used in this way. The product cannot be produced for less than $120, but John's preliminary marketing studies indicate that the product could not be sold for more than $25. Which of the following is true? A) John cannot get a patent because the inability to produce the product at a cost low enough to sell it means that it does not meet the usefulness requirement. B) John cannot get a patent because the transmitter part is not a new invention. C) John can get a provisional patent which would provide limited protection until he can redesign it so that it can be made for under $25. D) John can obtain protection for his invention even if someone else files a patent application for the same invention so long as John actually invented his first.
What are the tax consequences of these transactions, assuming his marginal tax rate is (a) 32% and (b) 37%? Ignore the medicare tax on net investment income.
Mike sold the following shares of stock in 2018:
