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Managerial Accounting 16th edition By Garrison -Test Bank

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  • ISBN-10 ‏ : ‎ 9354600522
  • ISBN-13 ‏ : ‎ 978-9354600524

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Managerial Accounting 16th edition By Garrison -Test Bank

Managerial Accounting, 16e (Garrison)
Appendix 7A Time-Driven Activity-Based Costing: A Microsoft Excel-Based Approach

1) In a Cost Analysis report in time-based activity-based costing, the time-driven activity rate for an activity is computed by dividing the minutes required of the resource per unit of activity by the cost per minute of the resource supplied.

2) In time-based activity-based costing, the practical capacity percentage is an estimate of the company’s capacity in relation to its closest competitor.

3) Time-based activity-based costing does not require extensive interviews with employees to perform stage one allocations.

4) In a Cost Analysis report in time-based activity-based costing, the first step is to divide the total cost of the resources supplied by the practical capacity of the resources supplied to obtain the cost per minute of the resource supplied.

5) In a Capacity Analysis report in time-based activity-based costing, the unused capacity in minutes is computed by subtracting the total minutes used to meet demand from the total minutes available to meet demand.

6) In a Capacity Analysis report in time-based activity-based costing, the unused capacity in number of employees is computed by multiplying the unused capacity in minutes by the practical capacity per employee in minutes.

7) In a Capacity Analysis report in time-based activity-based costing, the impact on expenses of matching capacity with demand is computed by multiplying the potential adjustment in the number of employees by the average salary per employee.

8) Time-based activity-based costing does NOT use which of the following types of data inputs?
A) Resource data.
B) Direct cost data.
C) Activity data.
D) Costs object data.

9) Clutts Corporation is conducting a time-driven activity-based costing study in its Customer Support Department. The company has provided the following data to aid in that study:

Clutts Corporation
Customer Support Department
Data Inputs
Resource Data:
Number of employees 13
Average salary per employee $ 36,720
Practical capacity per employee (in minutes) 102,000

Activity Data: Receiving Calls Resolving Issues
Minutes per unit of the activity 16 22

On the Customer Cost Analysis report in time-driven activity-based costing, the time-driven activity rate for Resolving Issues would be closest to:
A) $0.36 per issue resolved
B) $1.64 per issue resolved
C) $7.92 per issue resolved
D) $22.00 per issue resolved

10) Pacius Corporation is conducting a time-driven activity-based costing study in its Customer Service Department. The company has provided the following data to aid in that study:

Pacius Corporation
Customer Service Department
Data Inputs
Resource Data:
Number of employees 11
Average salary per employee $ 39,780
Weeks of employment per year 50
Minutes available per week (40 hours × 60 minutes) 2,400
Practical capacity percentage 85 %

Activity Data: Receiving Calls Resolving Issues Processing Credit Reviews
Minutes per unit of the activity 12 24 36

Cost Object Data: Customer S
Number of orders processed 35
Number of queries resolved 18
Number of credit reviews processed 1

On the Customer Cost Analysis report in time-driven activity-based costing, the total cost assigned to Customer S would be closest to:
A) $346.32
B) $14.04
C) $168.48
D) $163.80

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