Pointsreceived 7of7 comments question2question tco 6

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  Points Received: 7 of 7 
  Comments: Question 2.Question : (TCO 6) In an activity-based costing system, cost reduction is accomplished by identifying and eliminating:        
  Instructor  Explanation: Eliminating all cost drivers would eliminate all activity. Eliminating non- value-adding activities would reduce costs, which is one of the objectives of activity-based costing systems.   Points Received: 7 of 7    Comments: Question 3 . Questio n : (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 Direct Labor Work-in-process inventory, January 1 300 $50,000 Started during the quarter 800 Completed during the quarter 600 Work-in-process inventory, March 31 100 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 amount of units of production using the weighted- average unit cost inventory valuation method? 600   650   725   675  
  Instructor  Equivalent units of production for the quarter are 675, computed as follows:
  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?
Question 5.Question : (TCO 3) Adnan Company uses process costing. At the beginning of

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