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A key input to the cost of production report is __________ costs.

A single charging rate uses the fixed costs of the support department.

A company incurred $120,000 of common fixed costs and $180,000 of common variable costs. These costs are to be allocated to Departments XX and YY. Data on capacity provided and capacity used are as follows: ​   Capacity Provided Capacity Used Department in Hours in Hours       XX 500 400       YY 300 400 ​ Assume that common fixed costs are to be allocated to Departments XX and YY on the basis of capacity provided and that common variable costs are to be allocated to Departments XX and YY on the basis of capacity used. The fixed and variable costs allocated to Department XX are Fixed Variable

Barron Enterprises has the following information about its truck fleet miles and operating costs:   Year Miles Operating Costs 2016 400,000 $256,000  2017 480,000 280,000 2018 560,000 320,000 ​ What is the best estimate of total costs using the high-low method if the expected fleet mileage for 2018 is 500,000 miles?

In __________ a single product is produced on a continuous basis.

Anzalone Corporation adds raw materials to production at the beginning of the process in the Assembly Department. Materials data for this department for May 2018 are as follows:   ​ Costs ​ Units Materials Conversion Work in process, May 1 25,000 $  68,750 $167,650 Started during May 100,000 300,000 903,350 Work in process, May 31 10,000 ​ ​ Beginning inventory was 70 percent complete. Ending inventory was 40 percent complete.  How many equivalent units for conversion costs would there be for Anzalone Corporation in May using the FIFO method?

Colorado Corporation has the following sales forecast for the next quarter: ​ July, 4,000 units; August, 4,800 units; September, 5,600 units ​ Sales totaled 3,200 units in June. The June ending finished goods inventory was 800 units. End-of-month finished goods inventory levels are planned to be equal to 30 percent of the next month’s planned sales. Records showed that each unit is budgeted at 2 pounds of materials costing $3 per pound. Direct labor was budgeted at .5 direct labor hours per unit at a wage of $20 per hour. Budgeted variable overhead is $1.50 per direct labor hour. Fixed overhead is budgeted at $250,000 for the year, and 50,000 units are expected to be produced. ​ The beginning finished inventory is valued at $31,320. ​ After preparing a finished goods inventory budget for August, what is the cost of goods sold for August?

In an activity-based costing system activity cost is applied to each job by multiplying productivity rate by the job’s use of the associated driver.

Causal factors are variables or activities within a producing department that stimulate the incurrence of support costs.

A flexible-based budgeting system