What is the cost driver rate for general accounting? What is the cost driver rate for quality control? What costing method is used by companies that provide meals to clients?

Here are the answers to the questions: Question 25: The cost driver rate for general accounting is? Step 1: Identify the total cost for general accounting and its cost driver. General accounting cost = Le 6,000 Number of customers (cost driver) = 200 Step 2: Calculate the cost driver rate. Cost driver rate = General accounting costNumber of customers Cost driver rate = Le 6,000200 customers Cost driver rate = Le 30.00/customer The correct option is C. Le 30.00/customer Question 26: What is the cost driver rate for quality control? Step 1: Identify the total cost for quality control and its cost driver. Quality control cost = Le 22,000 Number of inspections (cost driver) = 1,100 Step 2: Calculate the cost driver rate. Cost driver rate = Quality control costNumber of inspections Cost driver rate = Le 22,0001,100 inspections Cost driver rate = Le 20.00/inspection The correct option is B. Le 20.00/inspection Question 27: Companies that exist to provide meals to their clients use service costing. This method is used for services where the output is intangible. The correct option is D. Question 28: Calculate the normal loss for the process. Step 1: Identify the units introduced and the normal loss percentage. Units introduced = 5,000 units Normal loss = 5% Step 2: Calculate the normal loss in units. Normal loss units = Units introduced × Normal loss percentage Normal loss units = 5,000 units × 0.05 Normal loss units = 250 units The correct option is C. 250 units Question 29: Production in the process resulted in Step 1: Calculate the expected good units. Expected good units = Units introduced - Normal loss units Expected good units = 5,000 units - 250 units Expected good units = 4,750 units Step 2: Compare expected good units with actual production. Actual production = 4,800 units Since actual production (4,800 units) is greater than expected good units (4,750 units), there is an abnormal gain. Abnormal gain = Actual production - Expected good units Abnormal gain = 4,800 units - 4,750 units Abnormal gain = 50 units The correct option is C. Abnormal gain of 50 units Question 30: What is the value of abnormal loss or gain for the process? Step 1: Determine the total cost incurred for the process. Units introduced into process: 5,000 units for GH¢ 30,000 Actual production: 4,800 units for GH¢ 52,800 The GH¢ 52,800 represents the total cost incurred for the process, including the initial input cost and any conversion costs. Step 2: Calculate the cost per unit of good production. Cost per unit = Total cost incurredExpected good units Cost per unit = GH¢ 52,8004,750 units Cost per unit ≈ GH¢ 11.11579/unit Step 3: Calculate the value of the abnormal gain. Value of abnormal gain = Abnormal gain units × Cost per unit Value of abnormal gain = 50 units × GH¢ 11.11579/unit Value of abnormal gain ≈ GH¢ 555.79 Rounding to the nearest whole number, this is GH¢ 556. The closest option is GH¢ 550. The correct option is C. GH¢ 550 Question 31: Normal loss in process costing is considered to be unavoidable. It is an inherent part of the production process that cannot be eliminated, even under efficient operating conditions. The correct option is C. Last free one today — make it count tomorrow, or type /upgrade for unlimited.