First-stage allocation to the setting up activity cost pool, Accounting Basics

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First-stage allocation to the setting up activity cost pool

Ginger Corporation 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:

Costs:
Wages and salaries $360,000
Depreciation 140,000
Utilities 160,000
Total $660,000

Distribution of resource consumption:
Activity Cost Pools
Assembly Setting Up Other Total
Wages and salaries 10% 80% 10% 100%
Depreciation 5% 50% 45% 100%
Utilities 15% 60% 25% 100%

How much cost, in total, would be allocated in the first-stage allocation to the Setting Up activity cost pool?

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Accounting Basics: First-stage allocation to the setting up activity cost pool

Reference No:- TGS080027

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Accounting Basics: First-stage allocation to the setting up activity cost pool

Reference No:- TGS080027

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What challenges have faced as required competencies changed

Q : State and local government-municipal bond interest

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: First-stage allocation to the setting up activity cost pool

Reference No:- TGS080027

Recent Questions Asked Accounting Basics

Q : What challenges have faced as required competencies changed

Q : State and local government-municipal bond interest

Q : Determine the compensation expense related to the options

Q : Plot new forecast on graph with actual data-naive forecast

Q : First-stage allocation to the setting up activity cost pool

Q : Compute the depreciation expense to be recognized

Q : Forecast mileage for next year using year moving average

Q : What is the amount of the asset to be recorded

Q : Future receipt discounted at interest rate

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