Doell Corporation is conducting a time-driven activity-based costing study in its Tech Support Department. The company has provided the following data to aid in that study:Doell CorporationTech Support DepartmentData InputsResource Data: Number of employees 19 Average salary per employee$36,480 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 80%?Activity Data:Routing CallsResolving ProblemsPreparing Change OrdersMinutes per unit of the activity182242?On the Customer Cost Analysis report in time-driven activity-based costing, the time-driven activity rate for Routing Calls would be closest to:
A. $3.11 per call routed
B. $0.38 per call routed
C. $6.84 per call routed
D. $18.00 per call routed
Answer: C
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For work done during August, Printing Press Company incurred direct materials costs of $130,000 and conversion costs of $248,000 . The company employs a just-in-time operating philosophy and backflush costing. At the end of August, it was determined that the Work in Process Inventory account had been assigned $1,000 of costs, and the ending balance of the Finished Goods Inventory account was
$3,000 . There were no beginning inventory balances. What is the Cost of Goods Sold account's ending balance for August? a. $378,000 b. $377,000 c. $375,000 d. $374,000
What is vicarious liability?
A) nonliability B) liability for multiple torts C) liability without knowledge D) liability without fault
The departmental overhead rate method uses the same overhead rate for each production department.
Answer the following statement true (T) or false (F)
Which of the following is the oldest type of free zone?
A. free trade area B. free perimeter C. free city D. special economic zone