Answer the Following Questions Using the Information Below

question 124

Multiple Choice

Answer the following questions using the information below:
Gregory Enterprises has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:
The accounting records show the Mossman Job consumed the following resources:

-If Gregory Enterprises uses the three activity cost pools to allocate overhead costs, what are the activity-cost driver rates for supervision of direct labor, machine maintenance, and facility rent, respectively?

• A)$0.60 per dlh, $0.025 per mh, $0.80 per sq ft
• B)$1.25 per dlh, $0.25 per mh, $0.50 per sq ft
• C)$0.40 per dlh, $0.05 per mh, $0.20 per sq ft
• D)$0.40 per dlh, $0.125 per mh, $2 per sq ft

Analyze the impact of financial transactions on a company's financial position and performance.

Understand the concept of intracompany and intercompany comparisons for financial analysis.

Identify and compute various financial ratios to assess a company's financial position and performance.

Understand the concept of financial ratios and their calculation.

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Definitions:

Inventory Records

Documentation that keeps track of the quantities, locations, and statuses of products that a company has in stock.

EOQ Model

Economic Order Quantity model, a formula used in inventory management to determine the optimal order size that minimizes total inventory costs.

Dependent Demand

The demand for components or raw materials that is directly tied to the demand for the final product they contribute to creating.