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Question Completion Status: Question 10 7 points Wow Kitchen Toys Inc., a manufacturer of various small kitchen tools has designed an activity-based costing approach
Question Completion Status: Question 10 7 points Wow Kitchen Toys Inc., a manufacturer of various small kitchen tools has designed an activity-based costing approach (ABC) for its Manufacturing Overhead Costs with the following results: ACTIVITY BUDGETED COSTS ALLOCATION BASE OVERHEAD RATE Material Handling $ 400,000 Number of Parts $ 2.50 per part Cutting $ 2,540,000 Machine Hours $ 22.00 per hour Assembly $ 2,000,000 Direct Labour Hours $18.00 per hour During the month of July, 1,000 kitchen tools were produced with the following data: Direct Material Costs Direct Labour Costs # of Parts 11,000 # of Machine Hours: 400 # of Direct Labour Hours 2,500 $ 120,000 40,000 REQUIRED: Calculate the total UNIT COST of the tools produced in the month of July using the Activity Based Costing Method (ABC) DELL ENG
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