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Exercise 7-13 (Algo) Computing ABC Product Costs [LO7-3, LO7-4] Fogerty Company makes two products-ttanlum Hubs and Sprockets. Dats regarding the two products follow. Addinonal information
Exercise 7-13 (Algo) Computing ABC Product Costs [LO7-3, LO7-4] Fogerty Company makes two products-ttanlum Hubs and Sprockets. Dats regarding the two products follow. Addinonal information about the company follows: a. Hubs require $30 in direct materiss per unit, and 5 prockets require $17. b. The direct labor wage rate is $14 per hour. c. Hubs require special equlpmems and are more complex to manufacture than Sprockets. d. The ABC syssem has the followny acivity cost pools: Reculred: 1. Compuse the activity rate for each activity cost pool. 2 Determine the unit product cost of each product according to the ABC system. Complete this question by entering your answers in the tabs below. Cempute the activity rate for each activity ceat poel. Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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