Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The controller for Tulsa Medical Supply Company has established the following activity cost pools and cost drivers. Activity Cost Pool Budgeted Overhead Cost Cost Driver

The controller for Tulsa Medical Supply Company has established the following activity cost pools and cost drivers. Activity Cost Pool Budgeted Overhead Cost Cost Driver Budgeted Level for Cost Driver Pool Rate Machine setups $ 250,000 Number of setups 125 $ 2,000 per setup Material handling 75,000 Weight of raw material 37,500 pound $ 2 per pound Hazardous waste control 25,000 Weight of hazardous chemicals used 5,000 pound $ 5 per pound Quality control 75,000 Number of inspections 1,000 $ 75 per inspection Other overhead costs 200,000 Machine hours 20,000 $ 10 per machine hour Total $ 625,000 Required: 1. Calculate the unit cost of a production order for 100 specially coated plates used in cancer testing. In addition to direct material costing $120 per plate and direct labor costing $40 per plate, the order requires the following: Note: Round intermediate calculations and final answer to 2 decimal places. Machine setups 3 Raw material 900 pounds Hazardous materials 300 pounds Inspections 3 Machine hours 50
what is the unit cost per plate

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions

Question

design a simple disciplinary and grievance procedure.

Answered: 1 week ago