This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Nichols Inc. manufactures remote controls. Currently the company uses a plant-wide rate for ... (Read 14 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Mar 6, 2021
Nichols Inc. manufactures remote controls. Currently the company uses a plant-wide rate for allocating manufacturing overhead. The plant manager is considering switching-over to ABC costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows:

ActivitiesCost driverAllocation Rate
Material handlingNumber of parts$1 per part
AssemblyLabor hours$20 per hour
InspectionTime at inspection station$10 per minute

The current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $30 per labor hour.

Nichols' management is considering to implement ABC system because ________.
◦ ABC system can be implemented cheaply
◦ ABC system provides more accurate direct cost figures
◦ ABC system is a highly refined costing system
◦ ABC system requires minimal expertise to operate
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ec501234 on Mar 6, 2021

kbennett34

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 60% of students answer this correctly


ec501234

  • Member
  • Posts: 573
Reply 2 on: Mar 6, 2021
Gracias!

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Plant cells expand by taking up water into their vacuoles. Plant cells expand by taking up water into their vacuoles.
Plant Plant
Pharmaceutical Company Representatives Pharmaceutical Company Representatives
The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ... The decay rate of a radioactive sample decreases from 175 kBq to 12.4 kBq in 18.3 s. What is ...
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Video: Proteins

For a complete list of videos, visit our video library