Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking account process: Resources Activities Time per Unit Activity Driver
Supervision $60,000 Processing accounts 0.20 hr. No. of accounts
Phone and supplies 76,000 Issuing statements 0.10 hr. No. of statements
Salaries 242,000 Processing transactions 0.05 hr. No. of transactions
Computer 22,000 Answering customer inquiries 0.15 hr. No. of inquiries
Total 400,000
Total check processing hours 20,000
(practical capacity)
Required:
1. Calculate the capacity cost rate for the checking account process. Round your answers to the nearest cent.
$ per hour
2. Calculate the activity rates for the four activities. Round your answers to the nearest cent..
Processing accounts $ per account
Issuing statements $ per statement
Processing transactions $ per transaction
Answering inquiries $ per inquiry
If the total number of statements issued was 20,000, calculate the cost of the issuing statements activity.

Which of the following best describes biochemical evidence that would not support the modern concept of evolution? a. a bacterium that uses inorganic materials to produce energy b. an organism that does not undergo cellular respiration c. a species of bacteria that is capable of photosynthesis d. an organism that undergoes both aerobic and anaerobic respiration

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be: