The Thompson Company Uses Activity-Based Costing to Determine Product Cost

question 153

Essay

The Thompson Company uses activity-based costing to determine product cost.Three activities and their rates have been calculated as shown below.
Thompson provided the following data from the job order cost sheet for Job #345

Recognize the influence of supervisors, managers, and positive role models on employee attitudes and behaviors.

Appreciate the importance of learning to cope with and adapt to change.

Identify the aspects of a job that employees value most.

Understand the concept of unlearning negative attitudes and practices for fostering positive attitudes.

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Definitions:

Normal Sales

Sales transactions that occur under regular business conditions, without special circumstances or discounts.

Percents

A mathematical term representing a fraction of 100, used to denote a portion or share of a total.

Decimals

Numerical values expressed using a decimal system, involving a point to separate the whole number from the fractional part.

Mixed/Whole Numbers

Numbers consisting of both a whole number and a fractional part, usually written with the whole number and fraction separated by a space.