Managerial Accounting

Fogerty Company makes two products-titanium Hubs and Sprockets: Data regarding the two products follow: 6.66 points Direct Labor- Hours per Annual Unit Production Hubs 0.50 25,000 units Sprockets 0.10 47,000units eBook Additional information about the company follows: Print a. Hubs require $37 in direct materials per unit, and Sprockets require $14. b. The direct labor wage rate is $20 per hour C. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Estimated Overhead Cost $ 22,230 Hubs Sprockets Total 130 104 234 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine- hours) General factory (organization- sustaining) $114,000 3,800 0 3,800 $ 54,800 NA NA Required: 1. Compute 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. Required Required Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate Machine setups s os per setup Special s 30 processing MH Required 2 > Fogerty Company makes two products-titanium Hubs and Sprockets: Data regarding the two products follow: 6.66 points Direct Labor- Hours per Annual Unit Production Hubs 0.50 25,000units Sprockets 0.10 47,000 units eBook Additional information about the company follows: Print a. Hubs require $37 in direct materials per unit, and Sprockets require $14. b. The direct labor wage rate is $20 per hour. C. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing machine- de hours) General factory (organization- sustaining) Estimated Overhead Cost Hubs Sprockets Total $ 22,230 130 104 234 $114,000 3,800 0 3,800 $ 54,800 NA NA NA Required: 1. Compute 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. Required Required 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.) Hubs Sprockets Direct materials Direct labor Overhead Unit cost $ 0.00 $ 0.00