Activity-Based Costing Practice Questions for Midterm 1

School: Spelman College - Course: SMGT 261 - Subject: Accounting

ACCT 2102 - Extra Practice (Ch. 17 - Activity-based Costing) for Midterm 1 Activity (Cost driver)Budgeted OverheadBudgeted Activity Usage Assembly (MH)$80,000$1,000 MH Finishing (DLH)$58,400$1,600 DLH Factory Services (sq. ft.)$360,000$6,000 sq. ft. Its overhead cost per unit is ______________. (a)$2.02 (b)$5.00 (c)$25.00 (d)$22.40 A company makes two products: A & B. It uses activity-based costing and it prepares the following analy overhead cost and activity usage for its three activities: The company used 800 machine hours, 600 direct labor hours, and 5,400 square feet to produce 16,396 overhead cost per unit of Product B using activity-based costing is:
ysis showing budgeted 6 units of Product B. The
ACCT 2102 - Extra Practice (Ch. 17 - Activity-based Costing) for Midterm 1 A company uses activity-based costing. Budgeted overhead cost and activity usage follows: ActivityBudgeted OverheadBudgeted Activity Usage Activity 1$19,8001,100 DLH Activity 2$16,00040 setups Activity 3$14,000700 MH The overhead activity rate for Activity 3 is: (a)$4.00 per MH (b)$8.59 per MH (c)$18.00 per MH (d)$20.00 per MH

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