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Angel Corporation uses activity-based costing to determine product costs for external financial reports. The company has provided the following data concerning its activity-based costing system:
Angel Corporation uses activity-based costing to determine product costs for external financial reports. 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) | $ | 356,040 | |
Batch setup (setups) | $ | 411,600 | |
Order size (direct labor-hours) | $ | 299,520 | |
Expected Activity | |||
Activity Cost Pools | Product X | Product Y | Total |
Machine related | 5,900 | 7,900 | 13,800 |
Batch setup | 11,800 | 2,900 | 14,700 |
Order size | 4,900 | 7,900 | 12,800 |
Assuming that actual activity turns out to be the same as expected activity, the total amount of overhead cost allocated to Product X would be closest to: (Round your intermediate calculations to 2 decimal places.)
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