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MGMT 640 Quiz Submissions - Final Exam Part 2
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MGMT 640 Quiz Submissions - Final Exam Part 2 MGMT 640 Quiz Submissions - Final Exam Part 2 MGMT 640 Quiz Submissions - Final Exam Part 2
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12/13/2016MGMT 640 9080 Financial Decision Making for Managers
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Quiz Submissions - Final Exam Part 2
Modupe Sarratt (username: MSARRATT)
Attempt 1
Written: Dec 13, 2016 1:54 PM - Dec 13, 2016 2:35 PM
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Released: Aug 11, 2014 12:01 AM
Available until: Dec 20, 2016 1:14 PM
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Question 1 point
Maxx Inc. has provided the following data from its activity-based costing system:
Activity Cost Pools Total Cost Total Activity
Designing products $384,200 6,490 product design hours
Setting up batches $52,678 7366 batch set-ups
Assembling products $25,122 4,018 assembly hours
The activity rate for the “designing products” activity cost pool is:
Answer:
59.2
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SOLUTION:
(Total cost of designing products / Total activity of designing products)
{DC}/{DA}
Question 2 point
Sasha Company allocates the estimated $191,400 of its accounting department costs to its production and sales
1/8
, 12/13/2016
accounts payable functions. The costs will be allocated based on the number of employees using the direct method.
Information regarding costs and employees follows:
Department Employees
Accounting 4
Production 40
Sales 19
How much of the accounting department costs will be allocated to the production?
Answer:
129,763
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SOLUTION:
(costs to be allocated / Employees in Production and Sales)* Employees in production
Question 3 point
Medusa Company allocates costs from the payroll department (S1) and the maintenance department (S2) to the molding
(P1), finishing (P2), and packaging (P3) departments. Payroll department costs are allocated based on the number of
employees in the department and maintenance department costs are allocated based on the number of square feet which
the production department occupies within the factory. Information about the departments is presented below:
Number of Number of Square
Department Costs Employees Feet Occupied
Payroll (S1) $137,000 2 2,000
Maintenance (S2) $220,000 8 64,000
Molding (P1) 73 100,000
Finishing (P2) 43 60,000
Packaging (P3) 21 40,000
Medusa uses the direct method to allocate costs. Round all answers to the nearest dollar.
What amount of the payroll department costs will be allocated to the molding department?
Answer:
73,000
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SOLUTION:
{(Payroll costs/(employees in molding, finishing, and production)}*Employees in Molding
point
2/8
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