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7. Assume that the following activity usage is provided for each of the two products: Product Crimping pliers Crown scissors $ Materials rate Labor rate
7. Assume that the following activity usage is provided for each of the two products: Product Crimping pliers Crown scissors $ Materials rate Labor rate Direct labor hours Power rate 10,000 Setup rate 10,000 a. Using the total budgeted costs calculated in Requirement 5, calculate a manufacturing cost rate per direct labor hour and use this rate to assign the manufacturing costs to each product line. Round your answer to two decimal places. per DLH Machine hours Cost assigned to crimping pliers Cost assigned to crown scissors > b. Using the budgeted costs for each activity calculated in Requirement 5, calculate an activity rate for each of the four activities and use these rates to assign manufacturing costs to each product line. Round each rate calculation to the nearest dollar except for power rate; round it to the nearest cent. Use rounded amounts in subsequent calculations. $ 55,000 35,000 Manufacturing costs per product line Setup per DLH 70 per DLH 40 per machine hour per setup
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