1. Your Corporation uses activity-based costing to determine product costs. The company has provided the following data concerning its activity-based costing system:

Activity Cost Pools(and Activity Measures)

Estimated Overhead Cost

Machine related (machine-hours)................

$46,400

Batch setup (setups).....................................

$434,000

General factory (direct labor-hours).............

$226,500

Expected Activity

Activity Cost Pools

Total

Product X

Product Y

Machine related...........

4,000

3,000

1,000

Batch setup..................

7,000

3,000

4,000

General factory............

15,000

7,000

8,000

The activity rate for the batch setup activity cost pool is closest to:

2.

Your Corporation has provided the following data from its activity-based costing system:

	Activity Cost Pool	Activity Rate
	Assembly................	$11.15 per MH
	Processing orders....	$30.78 per order
	Inspection...............	$76.90 per Inspection Hour

Data concerning one of the companys products appear below:

	Selling price per unit...........................			$113.70
	Direct materials cost per unit...............			$48.14
	Direct labor cost per unit.....................			$11.62
	Annual unit production and sales........			360
	Annual machine-hours.........................			1,040
	Annual orders......................................			60
	Annual inspection-hours .....................			30

According to the activity-based costing system, the product margin (to nearest dollar) for this product?

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