Use the information below to answer the following question(s). Bill Cobb Corporation had the following...
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Use the information below to answer the following question(s). Bill Cobb Corporation had the following activities, pooled costs, and physical flow of driver units. The company uses activity-based costing. Pooled Physical Flow of Activities Costs Driver Units Account inquiry (hours) $400,000 5,000 Account billing (lines) $280,000 2,000,000 Account verification (accounts) $150,000 20,000 Correspondence (letters) $50,000 2.000 The above activities are used by departments X and Y as follows: Y Account inquiry (hours) 500 hours 800 hours Account billing (lines) 250,000 lines 200,000 lines Account verification (accounts) 2,000 accounts 1,000 accounts Correspondence (letters) 200 letters 1,000 letters Question: How much of the correspondence cost will be assigned to Department X? $50,000 $10,000 $5,000 $25,000 $8,333 Question: How much of the account verification cost will be assigned to Department Y? $7,500 $100,000 $10,000 $15,000 $50,000
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