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X Company, a merchandiser, buys and sells two different products, 1 and 2. The firm uses an activity-based costing allocation system to allocate its period
X Company, a merchandiser, buys and sells two different products, 1 and 2. The firm uses an activity-based costing allocation system to allocate its period costs to these products. Budgeted revenues and costs for the coming year are as follows: Salaries were allocated using Cost of Goods Sold as the cost driver. Driver information for the other two period costs are as follows: Using the activity-based costing system, what would be the allocation of period costs to Product 2 [round rate(s) to the nearest cent]
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