Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information Gable Company uses three activity pools. Each pool has a cost driver. Information for Gable Company follows: Activity Pools Machining Designing costs

image text in transcribedimage text in transcribed

Required information Gable Company uses three activity pools. Each pool has a cost driver. Information for Gable Company follows: Activity Pools Machining Designing costs Setup costs Total Cost of Pool $ 195,920 Cost Driver Number of machine hours 50,400 69,776 Number of design hours Number of batches Estimated Cost Driver 63,2001 6,000 490 Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity. Note: Round your answers to 2 decimal places. Activity Machining Designing Costs Setup Costs Activity Rate per Machine Hour per Design Hour per Batch Required 1 Required 2 > 1 1 of 2 Required information Gable Company uses three activity pools. Each pool has a cost driver, Information for Gable Company follows: Activity Pools Machining Designing costs Setup costs Total Cost of Pool $ 195,920 Cost Driver Estimated Cost Driver 50,400 69,776 Number of machine hours Number of design hours. Number of batches 63,200 6,000 490 Book Hint Print rences Required: 1. Compute the activity rate for each activity. 2. Classify each activity as facility, product, batch, or unit level. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Classify each activity as facility, product, batch, or unit level. Machining Designing costs Setup costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial accounting

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

IFRS Edition

9781119153726, 978-1118285909

More Books

Students also viewed these Accounting questions