Accounting Dana Accounting Corporation (DAC), employs activity-based costing (ABC) The following budgeted data for each...
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Accounting
Accounting
Dana Accounting Corporation (DAC), employs activity-based costing (ABC) The following budgeted data for each of the activity cost pools is provided for the year 2019.
| Activity | Estimated Overhead | Expected Use of Cost Drivers per Activity | |||
| Meeting with clients | 5,000,000.00 | 100000 hours | |||
| Preparing accounting files | 500,000.00 | 50000 pages | |||
| Reviewing files | 450,000.00 | 9000 hours | |||
During 2019 DAC had 8500 hours reviewing files, prepared 55000 pages, and 80000 with clients.
Requirements
- Compute the predetermined overhead allocation rates for each cost pool.
- Compute the total overhead allocated during 2019.
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