Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

image text in transcribed

image text in transcribed

Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: B Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $474,720 Number of machine hours 103,525 Number of design hours 72,050 Number of batches Estimated Cost Driver 98,900 10,250 500 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 es Compute the activity rate for each activity. (Round your answers to 2 decimal places.) Activity Rate per Machine Hour Activity Machining Design Costs Setup per Design Hour per Batch Required information Gable Company uses three activity cost pools. Each pool has a cost driver. Information for Gable Company follows: Activity Cost Pools Machining Designing costs Setup costs Total Cost of Pool Cost Driver $474,720 Number of machine hours 103,525 Number of design hours 72,050 Number of batches Estimated Cost Driver 98,900 10,250 500 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 Design Setup

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

Recommended Textbook for

Survey Of Accounting

Authors: Thomas Edmonds, Christopher Edmonds, Philip Olds

6th Edition

1260575292, 978-1260575293

More Books

Students also viewed these Accounting questions

Question

Help me with any cs language

Answered: 1 week ago