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Liverpool Brass Company manufactures pumps and valves and uses a time-driven activity-based Requirements cost (TDABC) system. Last year, Liverpool recorded the following data for assigning
Liverpool Brass Company manufactures pumps and valves and uses a time-driven activity-based Requirements cost (TDABC) system. Last year, Liverpool recorded the following data for assigning manufacturing overhead costs to its products: (a) Using the company's TDABC system, how much manufacturing overhead cost will be (Click the icon to view the data.) assigned to pumps? How much will be assigned to valves? (b) What is the company's net income? (Assume the company sells the entire amount of Liverpool also developed the following information on revenues and costs other than manufacturing the products it produces.) overhead: (Click the icon to view the revenue and other costs.) Requirement (a) Using the company's TDABC system, how much manufacturing overhead cost will be assigned to pumps? How much will be assigned to valves? The manufacturing overhead cost assigned to pumps will be 9 and the manufacturing overhead cost assigned to valves will be $ Requirement (b) What is the company's net income? (Assume the company sells the entire amount of the products it produces.) Data table Liverpool Brass Company manufactures pumps and valves Requirements
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