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Samsung Electronics uses an activity-based costing system. The activity cost pools and cost drivers are as follows: order processing costs $2,000,000 with 5,000 orders, production
Samsung Electronics uses an activity-based costing system. The activity cost pools and cost drivers are as follows: order processing costs $2,000,000 with 5,000 orders, production runs costs $3,000,000 with 600 runs, and quality control costs $1,500,000 with 50,000 inspections. Calculate the cost driver rate for each activity and determine the cost assigned to a product requiring 200 orders, 50 production runs, and 5,000 inspections. Prepare the balance sheet after the formation of the partnership.
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