Violet Corp. produces 12,000 units of a cell phone. The production requires prime costs of $400,000, uses 2,500 machine hours, and takes 1,800 setup hours. The activity rates are $50 per machine hour and $130 per setup hour. What is the unit cost of a cell phone? $63.25 $100.65 $40.35 $60.15 Red Company manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550 were put into production. Direct labor of $880 was incurred. Manufacturing overhead equaled $495. Selling and administrative costs totaled $396. The company manufactured 84 television sets during the month. Assume that there was no beginning or ending work in process inventory and that Red Company uses an actual cost system. What was the amount of cost of goods manufactured last month? $2,321 $1,430 = $1,375 $1,925 What are the two most common general strategies chosen companies? Cost leadership; product differentiation Supply chain efficiency, activity-based costing Cost leadership; activity-based management Product differentiation; revenue maximization