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The costing method that treats all fixed costs as period costs is

A company manufactures two products: Product K8R and Product XX20. The company uses a plantwide overhead rate based on direct labor-hours. It is considering implementing an activity-based costing (ABC) system that allocates its manufacturing overhead to four cost pools. The following additional information is available for the company as a whole and for Products K8R and XX20. The overhead costs have been attributed to four activity cost pools and the activity measures and activity have been determined as shown below.  Activity Cost PoolActivity MeasureTotal CostTotal ActivityMachiningMachine-hours$ 247,00013,000 Machine-hoursMachine setupsNumber of setups$ 60,000150 setupsProduct designNumber of products$ 56,0002 productsOrder sizeDirect labor-hours$ 260,00010,000 Direct labor-hoursActivity MeasureProduct K8RProduct XX20Machine-hours10,0003,000Number of setups11040Number of products11Direct labor-hours6,0004,000For the first question, show your work and label the first answer – PLANTWIDE OVERHEAD1. Using the plantwide overhead rate, how much manufacturing overhead cost would be allocated to Product XX20?For the second question, show your work and label the first answer – ABC OVERHEAD2. If the ABC system is implemented, how much manufacturing overhead cost would be allocated to Product XX20?

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,150 Units sold 4,050 Units in ending inventory 100 Variable costs per unit:   Direct materials $ 44 Direct labor $ 46 Variable manufacturing overhead $ 9 Variable selling and administrative expense $ 7 Fixed costs:   Fixed manufacturing overhead $87,150 Fixed selling and administrative expense $40,500 What is the variable costing unit product cost for the month?

A company has provided the following data from its activity-based costing system:  Activity Cost Pool Activity Rate    Assembly $ 26.47  per machine-hour   Processing orders $ 29.28  per order   Inspection $ 73.00  per inspection-hour   The company makes 1,030 units of product W26B a year, requiring a total of 1,840 machine-hours, 79 orders, and 31 inspection-hours per year. The product’s direct materials cost is $54.47 per unit and its direct labor cost is $18.29 per unit. The product sells for $132.50 per unit.According to the activity-based costing system, the product margin for product W26B is:Note: Round your intermediate calculations and final answers to 2 decimal places.

Direct labor costs are not included in the costs that are allocated to activity cost pools in an activity-based costing system.

The controller of a company using activity-based costing estimates the amount of materials handling overhead cost that should be allocated to the company’s two products using the data that is given below:   Wall Mirrors Specialty Windows Total expected units produced 14,100 1,750 Total expected material moves 1,410 1,650 Expected direct labor-hours per unit produced 11 12 The total materials handling cost for the year is expected to be $17,214.30. If the materials handling cost is allocated on the basis of direct labor-hours, the total materials handling cost allocated to the wall mirrors is closest to: Note: Round your intermediate calculations to 4 decimal places.

This information is for a company that uses the following activity rates from its activity-based costing to assign overhead costs to products:  Activity Cost Pool Activity Rate    Setting up batches $ 59.16  per batch   Processing customer orders $ 72.72  per customer order   Assembling products $ 3.85  per assembly hour   Data concerning two products appear below:     Product K91B Product F65O    Number of batches 81 52   Number of customer orders 31 45   Number of assembly hours 485 892   How much overhead cost would be assigned to Product K91B using the activity-based costing system?Note: Round your intermediate calculations and final answers to 2 decimal places.

Data concerning three of the activity cost pools of a law firm, have been provided below: Activity Cost Pool Total Cost Total Activity Researching legal issues $ 20,630 650 research hours Meeting with clients $ 1,163,680 7,273 meeting hours Preparing documents $ 91,990 5,750 documents The activity rate for the “meeting with clients” activity cost pool is closest to:

In the answer area, start by entering a, b etc. on five lines to properly label your 5 answers. Then put your math calculations such as ( 5 + 6 +9 +10 ) *1000 units = your answer. You can use Ctrl+B to bold your final answer for each line. You must show your work for the essay questions to receive any credit. Without showing your work, one little math error will mean that all the following answers are wrong. With work, you can earn full credit even with a math error. SHOW YOUR WORK.A company has provided the following information: Cost per UnitCost per PeriodDirect materials$ 5.00 Direct labor$ 3.60 Variable manufacturing overhead$ 1.20 Fixed manufacturing overhead $ 29,250Sales commissions$ 0.40 Variable administrative expense$ 0.30 Fixed selling and administrative expense $ 9,750Required: Answer the next 5 questions below after labeling 5 lines a. through e.Show your math work but you are not required to label any of the answers beyond numbering them with a, b, c, d. e.a. For financial reporting purposes, what is the total amount of product costs incurred to make 4,000 units?b. For financial reporting purposes, what is the total amount of period costs incurred to sell 4,000 units?c. If the selling price is $26.00 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)d. If 5,000 units are produced, what is the total amount of direct manufacturing cost incurred?e. If 5,001 units are produced, what is the incremental manufacturing cost the company will incur increasing production one more unit?

A company has provided the following information: Cost per UnitCost per PeriodDirect materials$ 6.65 Direct labor$ 4.00 Variable manufacturing overhead$ 1.60 Fixed manufacturing overhead $ 29,900Sales commissions$ 2.00 Variable administrative expense$ 0.70 Fixed selling and administrative expense $ 5,700If 10,500 units are produced, the total amount of indirect manufacturing cost incurred is closest to: