Kenney Company Uses Activity-Based Costing to Account for Its Manufacturing

question 158

Multiple Choice

Kenney Company uses activity-based costing to account for its manufacturing process. Kenney Company produces tires, and each tire has $.50 of direct materials, includes 20 parts and requires 2 hours of machine time. There is no direct labor. Additional information follows:
$\begin{array}{|l|l|r|}\hline\text { Activity }&\text { Allocation Base }&\text { Cost Allocation Rate }\\\hline \text { Materials handling } & \text { Number of parts } & \$ .16\\\hline \text { Machining } & \text { Machine hours } & \$ 14.40 \\\hline \text { Assembling } & \text { Number of parts } & \$ .70\\\hline \text { Packaging } & \text { Number of finished units } & \$ 5.40\\\hline\end{array}$


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What is the cost of machining per tire?

• A) $28.80
• B) $26.40
• C) $25.80
• D) $29.50

Understand patterns of poverty in relation to geographical location.

Understand the principle and criticisms of meritocracy.

Grasp key sociological theories on stratification, including the Davis-Moore thesis and Olin Wright's perspectives on social classes.

Comprehend the concept of deindustrialization and its impact on poverty in specific regions like Canada.

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Definitions:

Disputes

Conflicts or disagreements that arise over differences in views, interests, or claims, often requiring negotiation or legal action to resolve.

Violence

The use of physical force to harm someone, to damage property, or to impose dominance in any context.

Private Property Rights

Legal rights that grant individuals or entities the ability to own, use, and control personal or real property.

Legal System

The framework of rules, laws, and regulations established to maintain order and protect persons and property.