What are the cost drivers and cost driver rates for material procurement, general accounting, and quality control?

You're on a roll — here are the answers to your questions: Question 24: The cost driver for material procurement is typically the number of orders, as each order incurs administrative and processing costs. B. orders. Use the following information to answer questions 25 and 26: Quality control cost = Le 22,000 General accounting cost = Le 6,000 Number of inspections = 1,100 Number of customers = 200 Question 25: The cost driver rate for general accounting is? Step 1: Identify the cost driver for general accounting. General accounting costs are often driven by the overall activity of the business, which can be measured by the number of customers. Step 2: Calculate the cost driver rate. Cost driver rate = General accounting costNumber of customers Cost driver rate = Le 6,000200 customers = Le 30.00/customer C. Le 30.00/customer. Question 26: What is the cost driver rate for quality control? Step 1: Identify the cost driver for quality control. Quality control costs are directly related to the effort spent on ensuring quality, which is measured by the number of inspections. Step 2: Calculate the cost driver rate. Cost driver rate = Quality control costNumber of inspections Cost driver rate = Le 22,0001,100 inspections = Le 20.00/inspection B. Le 20.00/inspection. Question 27: Companies that exist to provide meals to their clients use service costing, as they are providing an intangible service rather than manufacturing a physical product. D. service costing. Use the data below to answer questions 28 to 30: Units introduced into process = 5,000 units for GH¢ 30,000 Actual production = 4,800 units for GH¢ 52,800 Normal loss = 5% Question 28: Calculate the normal loss for the process. Step 1: Calculate the normal loss units. Normal loss is a percentage of the units introduced into the process. Normal loss units = Units introduced × Normal loss percentage Normal loss units = 5,000 units × 0.05 = 250 units C. 250 units Question 29: Production in the process resulted in Step 1: Calculate the expected output. Expected output is the units introduced minus the normal loss units. Expected output = Units introduced - Normal loss units Expected output = 5,000 units - 250 units = 4,750 units Step 2: Determine if there is an abnormal loss or gain. Compare the actual production with the expected output. Abnormal loss/gain = Actual production - Expected output Abnormal loss/gain = 4,800 units - 4,750 units = 50 units (gain) Since actual production