Question 2 question tco 6 in an activity based

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Question 2. Question : (TCO 6) In an activity-based costing system, cost reduction is accomplished by identifying and eliminating: Non-Value-Adding Activities All Cost Drivers Student Answer: No No Yes Yes Yes No No No Instructor Explanation: Eliminating non-value-adding activities would reduce costs, which is one of the objectives of activity-based costing systems. Eliminating all cost drivers would eliminate all activity.
Points Received: 7 of 7 Comments: Question 3 . Question : (TCO 3) Kerner Manufacturing uses a process cost system to manufacture laptop computers. The following information summarizes operations relating to laptop computer model #KJK20 during the quarter ending March 31: Units Dire ct Labor Work-in-process inventory, January 1 100 $50,000 Started during the quarter 500 Completed during the quarter 400 Work-in-process inventory, March 31 200 Costs added during the quarter $720,000 Beginning work-in-process inventory was 50% complete for direct labor costs. Ending work-in-process inventory was 75% complete for direct labor costs. What is the equivalent unit of production using the weighted-average unit cost inventory valuation method?
600 650 Instructor Explanation: Equivalent units of production for the quarter are 550, computed as follows: Units completed + completed portion of WIP (400 + (200 × 75%)) = 550 Points Received: 7 of 7 Comments: Question 4. Question : (TCO 2) Sweet Co. uses budgeted overhead rates to apply overhead to individual jobs. They use a system based on direct labor hours. Last year, the company made the following estimates for this year. Direct labor costs $48,000,000 Factory overhead costs $6,400,000 Direct Labor Hours 80,000 Machine Hours 110,000 (a) What is the budgeted overhead rate for the company? (b) If Job #34567 had the following: Material costs were $500,000; Direct labor costs were $450,000; Direct labor hours were 25,000; and Machine hours were 36,000, then what is the total cost of Job #34567? Student Answer: Instructor Explanation:

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