Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Magnolia Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the
Magnolia Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the total cost of each activity, the amount of activity driver used for each of Magnolia's two products, the activity rate, and the activity cost assigned to each product. Fill in the blanks below: Driver Usage Activity Cost:Prod. 2 Activity Cost:Prod. 1 Activity Cost Activity Driver Prod. 1 Prod. 2 Activity Rate Design Preparation $ 23,200 Design time 1,370 950 /hour $ 31,500 Labor hours /hour 15,600 3,120 107,520 Machine hours 21 /hour $ Machining 33,180 Finishing Inspection Packaging 40 /batch $ Batches 208 300 17 /unit 8,840$ $ $ Units 18,870 315 /order $ $ Orders 54 12,600 12,753 Packages /package Shipping 87 3,270 EA EA
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