Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Inc produces two different products using two different activities: machining which uses machine hours as an activity driver and inspection which uses number of batches
Inc produces two different products using two different activities: machining which uses machine hours as an activity driver and inspection which uses number of batches as activity driver. The cost of machining is $900,000 while the cost of inspection is $54,000. Standard is assigned $630,000 in machining cost, and $47,520 in inspection cost. What proportion of inspection activity is used by standard?
68%
88%
62%
59%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started