Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Budgeted Activity Activity Cost Activity Base Casting $340,230 Machine hours Assembly 223,250 Direct labor hours Inspecting 40,160 Number of inspections Setup 34,500 Number of setups

image text in transcribed
Budgeted Activity Activity Cost Activity Base Casting $340,230 Machine hours Assembly 223,250 Direct labor hours Inspecting 40,160 Number of inspections Setup 34,500 Number of setups Materials handling 48,800 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 5,460 4,850 10,310 Direct labor hours 4,700 7,050 11,750 Number of inspections 1,910 2,510 Number of setups 200 50 250 Number of loads 740 200 940 Units produced 10,000 5,400 16,200 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar Activity Activity Rate Casting per machine hour Assembly per direct labor hour Inspecting per inspection 600 per setup Setup Materials handling per load b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per unit rates to the nearest cent. Product Total Activity Cost Activity Cost Per Unit Entry Lighting Fixtures Dining Room Lighting Fixtures

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Quality Audit A Management Evaluation Tool

Authors: Charles A. Mills

1st Edition

0070424284, 978-0070424289

More Books

Students also viewed these Accounting questions

Question

6. Identify characteristics of whiteness.

Answered: 1 week ago

Question

e. What are notable achievements of the group?

Answered: 1 week ago