Finkel & Robbins PLC,a Consulting Firm,uses an Activity-Based Costing in Which

question 55

Essay

Finkel & Robbins PLC,a consulting firm,uses an activity-based costing in which there are three activity cost pools.The company has provided the following data concerning its costs and its activity based costing system: Required:
a.How much cost,in total,would be allocated to the Working On Engagements activity cost pool?
b.How much cost,in total,would be allocated to the Business Development activity cost pool?
c.How much cost,in total,would be allocated to the Other activity cost pool?

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Definitions:

Median

The middle value in a set of ordered data, or the average of the two middle values when the set has an even number of observations.

Absolute Frequency

The count of occurrences or instances of a particular event or property in a dataset.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second.

Variable

A symbol or placeholder that represents an unknown or changeable value in mathematics and programming.