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Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Monfort Corporation has provided the following data concerning its overhead costs for
Dynamic - Problem and answer changes with each attempt (consider an Excel solution) Monfort Corporation has provided the following data concerning its overhead costs for the coming year: \begin{tabular}{|l|l|} \hline Wages and Salaries & 380,875 \\ \hline Depreciation & 140,216 \\ \hline Rent & 167,229 \\ \hline & \\ \hline \end{tabular} The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Activity Cost Pool } & Total Activity \\ \hline Assembly & 25,000 labor hours \\ \hline Order Processing & 465 orders \\ \hline Other & not applicable \\ \hline \end{tabular} The Other activity cost pool does not have a measure of activity; it is used to accumulate costs of idle capacity and organization-sustaining costs. The distribution of resource consumption across activity cost pools is given below: \begin{tabular}{|l|c|c|} \hline \multicolumn{2}{|c|}{ Activity Cost Pools - Allocation } & \\ \hline & Assembly & Processing \\ \hline Wages and Salaries & 35% & \\ \hline Depreciation & 15% & 30% \\ \hline Rent & 35% & 35% \\ \hline \end{tabular} Calculate the activity rate for the Order Processing activity cost pool: (In dollars and cents xxx.xx)
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