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accounting problem Jamesway Corporation makes two types of replacement fittings for heavy construction equipmentscrews and bolts. Data regarding the two products follow: Direct Labour-Hours per

accounting problem

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Jamesway Corporation makes two types of replacement fittings for heavy construction equipmentscrews and bolts. Data regarding the two products follow: Direct Labour-Hours per Unit Annual Production Screws 0.20 40,000 units Bolts 0.10 60,000 units Additional information about the company follows: a. Screws require $8.65 in direct materials per unit, and bolts require $6.65. b. The direct labour wage rate is $50 per hour. c. Screws are more complex to manufacture than bolts, and they require special equipment. d. The ABC system has the following activity cost pools: Estimated Overhead Activity Activity Cost Pool Activity Measure Cost Screws Bolts Total Machine setups Number of setups $ 25,800 80 40 120 Special processing Machine-hours $ 212,000 4,000 0 4,000 General factory Direct labour-hours $ 483,000 7,000 14,000 21,000 Required. 1. Compute the activity rate for each activity cost pool. General factory _ per DLH 2. Determine the unit cost of each product according to the ABC system, including direct materials and direct labour. (Round your answers to 2 decimal places.) Direct materials Direct labour Overhead Unit cost

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