Imelda Instruments Ltd manufactures two products: missile range instruments and space pressure gauges. During January, 53 range

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Imelda Instruments Ltd manufactures two products: missile range instruments and space pressure gauges. During January, 53 range instruments and 360 pressure gauges were produced, and overhead costs of $81 480 were incurred. An analysis of overhead costs reveals the following activities.

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Required

(a) Determine the overhead rate for each activity.

(b) Assign the manufacturing costs for January to the two products using activity-based costing.

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Accounting

ISBN: 9780730363224

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie

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