Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Schofield Enterprises makes a variety of products that it sels to other businesses. The company's activity-based costing system has four activity cost pools for assigning
Schofield Enterprises makes a variety of products that it sels to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that ABC system are listed below. Activity Cost Pool Supporting assembly P=Oceaing batches P=OCRing Order Serving custome: Activity Mar Diet laborehous (DLHA) Sumber batches Number : Order Sumber : Custom= Activity rate E.per DLE e & 128.20 per batch 52.60 PE Cede: $1,191.00 = Customer The cost of serving customers. $1,191.00 per customer is the cost of serving a customer for one year. Latif Corporation buys only one of the company's products which Scholield Enterprises sells for $15.60per unit. Last year Latif Corporation ordered a total of 1,100units of this product in requires 0.10DLHS. orders. To fill the orders, 7batches were required. The direct materials cost is $7.95 per unit and the direct labor cost is $1.90per unit. Each unit According to the ABC system, the total cost of the activity "Processing batches for this customer this past year was closest to Multiple Choice O $1020.00 $52.60 Oo oo O $08740 O $38.20
Step 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