Which of the following is the last step in developing an activity-based costing system?
A) estimating the total quantity of the cost driver
B) estimating the total indirect costs of each activity
C) identifying the activities
D) allocating indirect costs to the cost object
D
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What arises in situations where established processes offer potential solutions?
A. Structured decisions B. Analytics C. Unstructured decisions D. Semistructured decisions
The primary difference between notes payable and accounts payable is that notes payable generally have longer terms and usually require interest charges.
Answer the following statement true (T) or false (F)
Quantum Corporation has provided the following data from its activity-based costing system:Activity Cost PoolOverhead Cost Total ActivityAssembly$1,114,920 57,000machine hoursProcessing orders$47,016 1,800ordersInspection$107,328 1,560inspection hoursThe company makes 430 units of product R32E a year, requiring a total of 1,120 machine-hours, 40 orders, and 30 inspection-hours per year. The product's direct materials cost is $49.81 per unit and its direct labor cost is $12.34 per unit. The product sells for $129.90 per unit. According to the activity-based costing system, the profit for product R32E is:
A. $29,132.50 B. $4,981.00 C. $4,116.50 D. $5,161.30 E. $6,180.50
Because Mike is overqualified for his current job, he does not have a strong __________ fit.
Fill in the blank(s) with the appropriate word(s).