Griswold Corporation Is a Job-Order Costing Company That Uses Activity-Based

question 46

Multiple Choice

Griswold Corporation is a job-order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year.
$\begin{array}{|l|l|l|c|}\hline \text { Activity } & \text { Cost } & \text { Driver } & \text { Amount of driver } \\\hline \text { Setups } & \$ 240,000 & \text { number of setups } & 6,000 \\\hline \text { Purchasing } & 160,000 & \text { number of parts } & 20,000 \\\hline \text { Other overhead } & 300,000 & \text { direct labour hours } & 80,000 \\\hline\end{array}$
The following information about the jobs was given for September. $\begin{array}{|l|r|r|r|r|}\hline & \text { Job 101 } & \text { Job 102 } & \text { Job 103 } & \text { Job 104 } \\\hline \text { Balance 9/1 } & \$ 64,900 & \$ 40,770 & \$ 30,500 & 0 \\\hline \text { Direct materials } & 54,000 & 37,900 & 25,000 & 11,000 \\\hline \text { Direct labour } & 80,000 & 38,500 & 43,000 & 21,000 \\\hline \text { Number of setups } & 40 & 10 & 30 & 200 \\\hline \text { Number of parts } & 300 & 80 & 400 & 500 \\\hline \text { Direct labour hours } & 5,000 & 2,400 & 5,200 & 1,200 \\\hline\end{array}$
By September 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.
-Refer to the figure.The cost of goods sold would consist of the costs of what jobs?

• A)Job 101 + Job 102 + Job 103
• B)Job 101 + Job 102 + Job 103 + Job 104
• C)Job 101 + Job 104
• D)Job 102 + Job 103

Understand how investments impact ROI and residual income.

Grasp the computation and significance of margin in ROI calculations.

Calculate and interpret the turnover ratio within the context of ROI.

Recognize the effects of new investments on a company's overall financial performance.

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