The Job Cost Record for Job #624 revealed that direct materials requisitioned for the job totaled $1,050. the Job Cost Record also showed that direct labor for this job totaled 10 hrs at a wage rate of $25 per hour. Other data collected on the resources used by Job #624 included:

1 machine setup required

5 machine hrs

2 polishing cloths

2 quality control tests run

Requirements

1.Calculate the activity cost allocation rate for each of the five pools listed in the table

2. Calculate the total cost of Job #624 (ABC costing system)

3. Why would ABC provide a more accurate allocation of manufacturing overhead than a plantwide rate?

4. Assume that Radley Products used a traditional costing system rather than an ABC system. Its plantwide MOH rate would have been determined using direct labor hrs as the allocation base. How much cost distortion would have occurred on this job?

1. descriptive statistics quickly describe large amounts of data can predict future stock returns with surprising accuracy statisticians understand non-numeric information, like colors refer mainly to patterns that can be found in data 2. a 15% return on a stock means that 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold 3. a stock purchased on january 1 cost $4.35 per share. the same stock, sold on december 31 of the same year, brought in $4.75 per share. what was the approximate return on this stock? 0.09% 109% 1.09% 9% 4. a stock sells for $6.99 on december 31, providing the seller with a 6% annual return. what was the price of the stock at the beginning of the year? $6.59 $1.16 $7.42 $5.84