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could i please get help with this? Activity Rates and Product Costs using Activity Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures,
could i please get help with this?
Activity Rates and Product Costs using Activity Based Costing Lonsdale Inc. manufactures entry and dining room lighting fixtures, tive activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Budgeted Activity Activity Cost Activity Base Casting $326,400 Machine hours Assembly 197,710 Direct labor hours Inspecting 35,560 Number of inspections Setup 49,210 Number of setups Materials handling 35,280 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 for Activity Base Entry Dining Total Machine hours 4,790 10,200 Direct labor hours 4,650 6,950 11,630 Number of inspections 1,930 610 2,540 Number of setups 300 70 370 Number of loads 660 180 840 Units produced 10,500 5,400 16,200 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Activity Rate 5.610 Activity Base Entry Dining Total Machine hours 5,410 4,790 10,200 Direct labor hours 4,650 6,980 11,630 Number of inspections 1.930 610 2.540 Number of setups 300 70 370 Number of loads 660 180 840 Units produced 10,800 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 perspection Setup per 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 amounts to the nearest cent. Product Total Activity Cost Activity Cost Per Unit Entry Lighting Fixtures Dining Room Lighting Fixtures Step by Step Solution
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