A company uses an activity-based costing system with three a…

A company 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:   Overhead Costs:     Wages and salaries $ 321,000   Depreciation 308,000   Utilities 145,000   Total $ 774,000        Activity Cost Pools  Assembly Setting Up Other Total   Wages and salaries 55% 20% 25% 100%   Depreciation 20% 20% 60% 100%   Utilities 35% 60% 5% 100%   How much cost, in total, would be allocated in the first-stage allocation to the Assembly activity cost pool?

A company which has only one product, has provided the follo…

A company which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 435 Units in beginning inventory 0 Units produced 2,520 Units sold 2,360 Units in ending inventory 160 Variable costs per unit:   Direct materials $ 281 Direct labor $ 53 Variable manufacturing overhead $40 Variable selling and administrative expense $21 Fixed costs:   Fixed manufacturing overhead $378,000 Fixed selling and administrative expense $401,200 The company produces the same number of units every month, although the sales in units vary from month to month. The company’s variable costs per unit and total fixed costs have been constant from month to month.Required: Answer the following 4 questions. Label 4 rows in the answer area a., b., c., d. and answer the 4 questions. Bold your final answer but show all your work leading to the final answer.a. What is the unit product cost for the month under variable costing?b. What is the total contribution margin for the month using variable costing?c. What is the unit product cost for the month under absorption costing? d. If net operating income under variable costing is $ 125,000, what is the net operating income under absorption costing?     Use the reconciliation method.

In the answer area, start by entering a, b etc. on 4 lines t…

In the answer area, start by entering a, b etc. on 4 lines to properly label your 4 answers.Use the T-accounts to answer the questions under the accounts.      Raw Materials   Work in Process     Debit (increase) Credit(decrease)    Debit (increase)Credit(decrease)   Beg Balance 5,500     Beg Balance 4,600       5,700 10,000      6,700               9,000 10,800    28,700      Finished Goods  Debit (increase)Credit(decrease)           Beg Balance 2,700               28,700 20,900                        Manufacturing Overhead Wages & Salaries Payable Credit(increase) Debit (decrease)  Indirect materialsDebit (Increase) 3,300Credit(decrease)    Beg Balance  13,000 13,000   Indirect labor 4,000            Factory costs 2,000            Depreciation  2,700  10,800   Each of the entries, except the beg balance amounts, refer to a debit or credit entry made in the account during the year. None of the accounts have the ending balance entered. $10,000 of raw materials were requisitioned to production. Most answers do not require any calculations–you are required to identify the numbers in the accounts.1. What is the amount of direct materials applied to production?2. What is the amount of manufacturing overhead transferred to production for the year?3. What is the amount of cost of goods manufactured for the year?4. What is the unadjusted cost of good sold?

Table: Russia, Saudi PayoffsRussiaCooperateCheatSaudi Arabia…

Table: Russia, Saudi PayoffsRussiaCooperateCheatSaudi ArabiaCooperate($800, $800)($400, $1,000)Cheat($1,000, $400)($600, $600)Suppose that the oil market is dominated by two large firms, Saudi Arabia and Russia. Both Saudi Arabia and Russia have two choices or strategies: cooperate by cutting back production or cheat by increasing production. The payoff table shows the potential revenues associated with each firm’s strategies. For instance, if Saudi Arabia cheats and Russia cooperates, the payoff to Saudi Arabia is $1,000 and the payoff to Russia is $400. What are Saudi Arabia’s best strategy and associated payoff if Russia cheats?