Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Product costs using activity rates Body - Solid Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production
Product costs using activity rates BodySolid Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $ per machine hour Assembly $ per direct labor hour Setup $ per setup Inspecting $ per inspection Production scheduling $ per production order Purchasing $ per purchase order The activitybase usage quantities and units produced for each product were as follows: Activity Base Elliptical Machines Treadmill Machine hours Direct labor hours Setups Inspections Production orders Purchase orders Units produced Use the activity rate and usage information to determine the total activity cost and activity cost per unit for each product. If required, round the per unit answers to the nearest cent. Product Total Activity Cost Activity Cost Per Unit Elliptical machines $fill in the blank $fill in the blank Treadmill $fill in the blank $fill in the blank Check My Work
Product costs using activity rates
BodySolid Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows:
Activity Activity Rate
Fabrication $ per machine hour
Assembly $ per direct labor hour
Setup $ per setup
Inspecting $ per inspection
Production scheduling $ per production order
Purchasing $ per purchase order
The activitybase usage quantities and units produced for each product were as follows:
Activity Base Elliptical Machines Treadmill
Machine hours
Direct labor hours
Setups
Inspections
Production orders
Purchase orders
Units produced
Use the activity rate and usage information to determine the total activity cost and activity cost per unit for each product. If required, round the per unit answers to the nearest cent.
Product Total Activity Cost Activity Cost Per Unit
Elliptical machines $fill in the blank $fill in the blank
Treadmill $fill in the blank $fill in the blank
Check My Work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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