The use of which of the following costing systems is

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7.The use of which of the following costing systems is most likely to reduce cost distortionto a minimum?a.Departmental overhead allocation ratesb.Plantwide overhead rate
c.Traditional costing systemd.Activity—based costing8.All of the following are considered to be part of the cost hierarchy often used to beimplement ABC, with the exception of?
9.Hummingbird Manufacturing manufactures small parts and uses an activity-basedcosting system.Activity Est. Indirect ActivityCosts Allocation base Cost allocation rateMaterials $75,000 Material moves $3.00/moveAssembling $255,000 Direct labor hours $10.00/dir. labor hourPackaging $90,000 # of finished units $1.00/finished unitThe following parts were produced in October with the following information:Part # Produced Materials Costs # Moves Dir. Labor Hrs.A 2,250 $3,000 900 250B 4,000 $6,500 1,700 325C 4,750 $9,000 2,500 1,500Total manufacturing costs for part A is
C) $10,450.D) $8,200.10.Blingsly Limited, a manufacturer of a variety of products, uses an activity-based costing system. Information from its system for the year for all products follows:Activity cost poolTotal costTotal activityAssembly$584,00024,000Machine hoursInspection$341,9009,500Inspection hoursPackaging$24,3001,200OrdersBilingsly Limited makes 440 of its product B63 a year, which requires a total of 45 machine hours, 15 inspection hours, and 17 orders. Product B63 requires $43.70 in direct materials per unit and $58.20 in direct labor per unit. Product B63 sells for $245 per unit. What is the profit margin in total for Product B63? (Round all answers to two decimal places.)
11.Platinum Company manufactures several different products and uses an activity-based costing system. Information from its system for the year for all products follows:Activity cost poolTotal costTotal activityAssembly$506,00022,000Machine hoursInspection$98,8005,200Inspection hoursPackaging$47,1504,100ordersThe annual production and sales of one of its products, the Zinger, are 700 units. The following data relate to the production and sales of Widgets in the most recent year:Annual machine hours720Annual number of orders130Annual number of inspections85Direct materials cost per unit$119.40
Direct labor cost per unit$63.80What is the average cost of one Zinger? (Round all answers to two decimal places.)a.$158.19b.$236.70c.$25.01d.$208.21

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Term
Spring
Professor
Lui

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