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Steadman Co. incurs $700,000 of overhead costs each year in its three main departments, machining ($400,000), inspections ($200,000) and packing ($100,000). The machining department works
Steadman Co. incurs $700,000 of overhead costs each year in its three main departments, machining ($400,000), inspections ($200,000) and packing ($100,000). The machining department works 4,000 hours per year, there are 600 inspections per year, and the packing department packs 1,000 orders per year. Information about Steadman's two products is as follows: Product X Product Y Machining hours 1.000 3,000 Inspections 100 500 Orders packed 350 650 Using Activity Based Costing, how much overhead is assigned to
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