Use Table 3 to answer this question. XYZ Co uses an activity-based costingsystem with three activity cost pools. The company has provided the followingdata concerning its costs and its activity based costing system (Table 3). Howmuch cost, in total, would be allocated in the first-stage allocation to thePolishing activity cost pool?Select one:a. $192,100O b. none of the given answer.c. $215,400O d. $254,600e. $326,300 Table 3Costs:Factory RentFactory Depreciation$ 373,000150,000Factory Utilities250,000Total$ 773,000Distribution of resource consumption:Activity Cost PoolsTotalFixingCuttingPolishingFactory RentFactory Depreciation60%20%20%100%35%20%45%100%Factory Utilities20%60%20%100%

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Description: Use Table 3 to answer this question. XYZ Co uses an activity-based costingsystem with three activity cost pools. The company has provided the followingdata concerning its costs and its activity based costing system (Table 3). Howmuch cost, in total,

Amount allocated to Polishing = Total costs x Activity % Factory rent = $373000 x 20% = $74,600…

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Accounting

Use Table 3 to answer this question. XYZ Co uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system (Table 3). How much cost, in total, would be allocated in the first-stage allocation to the Polishing activity cost pool? Select one: O a. $192,100 b. none of the given answer. O c. $215,400 O d. $254,600 e. $326,300

Use Table 3 to answer this question. XYZ Co uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system (Table 3). How much cost, in total, would be allocated in the first-stage allocation to the Polishing activity cost pool? Select one: O a. $192,100 b. none of the given answer. O c. $215,400 O d. $254,600 e. $326,300

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 9MC: Which is not a step In activity-based costing? A. identify the activities performed by the...

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! Required information [The following information applies to the questions displayed below.] For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. The LEC 90 is a more complex product, requiring 0.60 hours of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor time per unit and only a small amount of machining. Manufacturing overhead costs are currently assigned to products on the basis of direct labor-hours. Despite the growing popularity of the company's new LEC 90, profits have been declining steadily. Management is beginning to believe that there may be a problem with the company's costing system. Direct material and direct labor costs per unit are as follows: Direct materials Direct labor…