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Please help! Im very stuck with these problems Direct Labor- Hours per Unit 0.60 0.20 Hubs Sprockets Annual Production 16,000 units 58,000 units Additional information

image text in transcribedimage text in transcribed Please help! Im very stuck with these problems

Direct Labor- Hours per Unit 0.60 0.20 Hubs Sprockets Annual Production 16,000 units 58,000 units Additional information about the company follows: a. Hubs require $24 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $14 per hour. c. Hubs are more complex to manufacture than Sprockets and they require special processing. d. The company's activity-based absorption costing system has the following activity cost pools: Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing machine-hours) General factory (Direct labor-hours) Estimated Overhead Cost $ 22,680 $ 129,500 $ 296,800 Expected Activity Hubs Sprockets Total 140 112 252 3,700 3,700 9,600 11,600 21,200 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Rate per setup Activity Cost Pool Machine setups Special processing General factory per MH per DLH Direct Labor- Hours per Unit 0.60 0.20 Hubs Sprockets Annual Production 16,000 units 58,000 units Additional information about the company follows: a. Hubs require $24 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $14 per hour. c. Hubs are more complex to manufacture than Sprockets and they require special processing. d. The company's activity-based absorption costing system has the following activity cost pools: Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (Direct labor-hours) Estimated Overhead Cost $ 22,680 $ 129,500 $ 296,800 Expected Activity Hubs Sprockets Total 140 112 252 3,700 0 3,700 9,600 11,600 21,200 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the unit product cost for Hubs and Sprockets using activity-based absorption costing. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Manufacturing overhead Unit product cost

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