(Appendix 6A)Hasty Hardwood Floors Installs Oak and Other Hardwood Floors

question 10

Essay

(Appendix 6A)Hasty Hardwood Floors installs oak and other hardwood floors in homes and businesses.The company uses an activity-based costing system for its overhead costs.The company has provided the following data concerning its annual overhead costs and its activity based costing system: The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs.
The amount of activity for the year is as follows: A "square" is a measure of area that is roughly equivalent to 1, 000 square feet.
Required:
a.Prepare the first-stage allocation of overhead costs to the activity cost pools by filling in the table below: b.Compute the activity rates (i.e. , cost per unit of activity)for the Installing Floors and Job Support activity cost pools by filling in the table below: c.Compute the overhead cost, according to the activity-based costing system, of a job that involves installing 3.4 squares.

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Definitions:

Assets Inventory

A detailed list of an entity's possessions, including property, stock, and other valuables, often used for legal, financial, or insurance purposes.

Attestation Clause

A clause at the end of a document where witnesses affirm that the document was properly executed.

Testator's Signature

The signature of the individual who has made a will, necessary for its legal validation.

Formalities

Required procedures or steps that must be followed according to law or tradition, often in legal contracts or agreements.