Grodin Catering Uses Activity-Based Costing for Its Overhead Costs

question 3

Multiple Choice

Grodin Catering uses activity-based costing for its overhead costs. The company has provided the following data concerning the activity rates in its activity-based costing system: The number of meals served is the measure of activity for the Preparing Meals activity cost pool. The number of functions catered is used as the activity measure for the Arranging Functions activity cost pool.
Management would like to know whether the company made any money on a recent function at which 180 meals were served. The company catered the function for a fixed price of $15.00 per meal. The cost of the raw ingredients for the meals was $9.65 per meal. This cost is in addition to the costs of wages, supplies, and other expenses detailed above.
For the purposes of preparing action analyses, management has assigned ease of adjustment codes to the costs as follows: wages are classified as a Yellow cost; supplies and raw ingredients as a Green cost; and other expenses as a Red cost.
-Suppose an action analysis report is prepared for the function mentioned above. What would be the "red margin" in the action analysis report? (Round to the nearest whole dollar.)

• A) $231
• B) $381
• C) $131
• D) $81

Grasp the concept of the origins of knowledge in the context of a theory of mind.

Comprehend the factors influencing memory development in early childhood.

Analyze the interconnection between language and cognitive development.

Recognize the impact of early childhood education on development.

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Definitions:

Animal Experiments

The use of non-human animals in research to study biology, psychology, disease treatments, and medications, often with the aim of applying findings to human health.

Peter Singer

A prominent ethical philosopher known for his work on animal rights, effective altruism, and utilitarianism, advocating that ethical decisions should be based on the principle of equal consideration of interests.

Roman Catholicism

A major branch of Christianity led by the Pope, characterized by its traditions, sacramental practices, and adherence to the teachings of the Church.

Fetal Research

The scientific study of human fetuses, often conducted to understand developmental processes, genetic diseases, and the effects of medications and interventions.