Figure 4-15 Quint Manufacturing Uses an Activity-Based Costing System

question 153

Multiple Choice

Figure 4-15 Quint Manufacturing uses an activity-based costing system.The company produces Model 1 and Model 2.Information relating to the two products is as follows:
The following costs are reported:

-Refer to Figure 4-15.Labor-related overhead costs assigned to Model 1 are

• A) $60,000.
• B) $58,000.
• C) $54,400.
• D) $48,000.

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Definitions:

Excise Tax

A tax levied on specific goods, services, or transactions, usually to discourage their use or generate revenue.

Tariff

A levy enforced by the government on products and services that are brought in from foreign countries.

Domestic Producers

Local manufacturers and suppliers who produce goods within a country's borders.

Imported Good

A product or service that is brought into one country from another to be sold or used.