How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Manal Elkhoshkhany Your Own Question

Manal Elkhoshkhany
Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9499
Experience:  More than 5000 online tutoring sessions.
3708793
Type Your Homework Question Here...
Manal Elkhoshkhany is online now
A new question is answered every 9 seconds

I have 10 MC questions I would like some help with. I am willing

Customer Question

I have 10 MC questions I would like some help with. I am willing to pay $15 bonus for assistance. Thank you.

Which of the following statements is (are) false regarding first-stage and second-stage cost allocation methods?
(A) The basic difference between a first-stage cost allocation and a second-stage cost allocation is that cost pools are not used in first-stage cost allocations.
(B) Predetermined overhead rates are used in first-stage cost allocations but not in second-stage cost allocations. (Points : 1)
Only A is false
Only B is false.
Neither A nor B is false.
Both A and B are false.

2. Materials are added at the beginning of a process in a process costing system. The beginning Work-in-Process Inventory was 30% complete as to conversion costs. Using first-in, first-out (FIFO) process costing, the total equivalent units for material are (Points : 1)
beginning inventory this period for this process.
units started this period in this process.
units started this period in this process plus the beginning inventory.
units started this period in this process plus 70% of the beginning inventory this period.

3. The Blue Corporation started and completed 4,800 units during February. Blue started the month with 700 units in process (40% complete) and ended the month with 400 units in process (40% complete). How many units were transferred to the Finished Goods Inventory during February? (Points : 1)
5,500.
5,380.
5,100.
4,400.
4,100.


4. Activity analysis is one of the first stages in implementing an activity-based costing system. Which of the following steps in "activity analysis" is usually performed first? (Points : 1)
Classify all activities as value added or nonvalue added.
Record, from start to finish, the activities used to complete the product or service.
Identify the process objectives that are defined by what the customer wants from the process.
Improve the efficiency of all activities and develop plans to eliminate any nonvalue-added activities.

5. Which of the following statements is (are) true?
(A). Activity-based costs per unit are greater than volume-based costs per unit.
(B). Volume-based costing has typically resulted in lower gross margins for high volume products and higher gross margins for low volume products. (Points : 1)
Only A is true.
Only B is true.
Both A and B are true.
Neither A nor B are true.

6. Smelly Perfume Company manufactures and distributes several different products. They currently use a plant-wide allocation method for allocating overhead at a rate of $7 per direct labor hour. Cindy is the department manager of Department C which produces Products J and P. Diane is the department manager of Department D which manufactures Product X. The product costs (per case of 24 bottles) and other information are as follows:





Products


J

P

X







Direct materials

$100.00

$ 72.00

$48.00
Direct labor

42.00

31.50

12.00
Overhead

28.00

21.00

14.00


$170.00

$124.50

$74.00







Machine hours

4

2

3
Number of cases (per year)

300

500

600


If Smelly changes its allocation basis to machine hours, what is the total product cost per case for Product P? (Points : 1)
$163.50
$144.00
$138.15
$117.15

7. Cost pools are used with:
(A). Plant Wide Rates
(B). Department Rates (Points : 1)
Only A is true.
Only B is true.
Neither A nor B is true.
Both A and B are true.

8. Which of the following accounts is used to accumulate the actual manufacturing overhead costs incurred during a period? (Points : 1)
Applied Manufacturing Overhead
Work-in-Process Inventory
Manufacturing Overhead Control
Cost of Goods Sold
Finished Goods Inventory

9. If a company multiplies its predetermined overhead rate by the actual activity level of its allocation base, it is using (Points : 1)
standard costing.
normal costing.
actual costing.
budget costing.
ideal costing.

10. The number of services provided by an accounting firm would be classified as a(n) (Points : 1)
volume-related activity.
batch-related activity.
product-related activity.
facility-related activity.
Submitted: 3 years ago.
Category: Homework
Expert:  Manal Elkhoshkhany replied 3 years ago.

Hello

 

Please advise your deadline as well as the name of the book you are using: Title, author's name, and edition

 

Thank you

Customer: replied 3 years ago.
Titel of Book is: Fundamentals of Cost Accounting, William Lanen, Shannon Anderson and Michael Maher. Third Edition. I have a few hours to complete this assignment. Is this something you can help me with?
Expert:  Manal Elkhoshkhany replied 3 years ago.
I can but I am very busy tonight, at what time is this due? Can I post the solutions tomorrow?
Customer: replied 3 years ago.
I have to have this posted by 10pm EST. Is there anyway you can squeeze this in before the deadline?
Expert:  Manal Elkhoshkhany replied 3 years ago.
Yes, I will do that :)
Customer: replied 3 years ago.
THANK YOU SO VERY MUCH!!!!
Expert:  Manal Elkhoshkhany replied 3 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9499
Experience: More than 5000 online tutoring sessions.
Manal Elkhoshkhany and 6 other Homework Specialists are ready to help you
Customer: replied 3 years ago.
Thanks again for your quick response. Would you consider accepting this type of assignment again? I only have a 12 hour time frame from start to finish so I would not be able to give 48 hours before deadline. If you prefer we can coordinate a specific time you might be available? I see it took you about 35 minutes to complete this project.

Thank you for considering.
Expert:  Manal Elkhoshkhany replied 3 years ago.

As I have stated above:

 

If you need to meet me online for a timed assignment, please advise me of the date and time (EST) you want me to meet you here and I will.

 

Also, please note that I have done this assignment with your promise to to pay $15 bonus for assistance. So kindly, do not forget to click the accept button and add the bonus

 

Thank you

Customer: replied 3 years ago.
Will do. Once again thanks for the information and assistance.

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4522
    More than 5000 online tutoring sessions.
< Last | Next >
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4522
    More than 5000 online tutoring sessions.
  • http://ww2.justanswer.com/uploads/ComputersGuru/2010-02-13_051118_Photo41.JPG LogicPro's Avatar

    LogicPro

    Engineer

    Satisfied Customers:

    3458
    Expert in Java C++ C C# VB Javascript Design SQL HTML
  • http://ww2.justanswer.com/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg Linda_us's Avatar

    Linda_us

    Finance, Accounts & Homework Tutor

    Satisfied Customers:

    3124
    Post Graduate Diploma in Management (MBA)
  • http://ww2.justanswer.com/uploads/chooser77/2009-08-18_162025_Chris.jpg Chris M.'s Avatar

    Chris M.

    M.S.W. Social Work

    Satisfied Customers:

    2385
    Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
  • http://ww2.justanswer.com/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    Chartered Accountant

    Satisfied Customers:

    1988
    Experience with chartered accountancy
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg Bizhelp's Avatar

    Bizhelp

    CPA

    Satisfied Customers:

    1876
    Bachelors Degree and CPA with Accounting work experience
  • http://ww2.justanswer.com/uploads/avremote/photoa.jpg Seanna's Avatar

    Seanna

    Tutor

    Satisfied Customers:

    1781
    3,000+ satisfied customers, all topics, A+ work
 
 
 

Related Homework Questions

Chat Now With A Tutor
Manal Elkhoshkhany
Manal Elkhoshkhany
Tutor
9499 Satisfied Customers
More than 5000 online tutoring sessions.