Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please show steps. correct answers are given. thanks! Chapter 7 A company manufactures one product and makes 5,000 units of the product. The company uses
please show steps. correct answers are given. thanks!
Chapter 7 A company manufactures one product and makes 5,000 units of the product. The company uses an activity-based costing system. The company's direct labor rate was $15/hr. The following information is available for the company Estimated Cost PoolOverhead Cost Expected ActivityActual Activity ting Direct Labor $50,000 25,000 1,000 hrs 100 orders 700 hrs 75 orders Order Processing Customer #1 Direct Materials Per Unit of Product Direct Labor Hours Per Unit of Product Selling Price Per Unit Su Orders Processed 2000 units sold $100 2 hrs $1000 100 hrs 25 orders rting Direct Labor 1. Calculate the activities rates for Supporting Direct Labor and Order Processing Supporting DL-$50/hr Order Processing = $250/order 2. Calculate the total manufacturing overhead applied to the product. $53,750 3. Calculate the customer margin for Customer #1. $1,728,750Step 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