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X Company uses an activity-based costing allocation system. On January 1, 2020, its accountant budgeted the following costs and cost drivers for three of the
X Company uses an activity-based costing allocation system. On January 1, 2020, its accountant budgeted the following costs and cost drivers for three of the activities that are used in the ABC system:
Activity | Budgeted cost | Cost driver |
Purchasing | $53,600 | 4,400 purchase orders |
Assembly | $134,000 | 98,700 parts |
Packaging | $80,400 | 14,100 finished units |
In May of 2020, 646 units of Product C were finished, requiring $19,600 of direct materials, 6,000 direct labor hours, 1,089 parts, and 43 purchase orders. How much of the three activity costs was allocated to Product C [round overhead rate(s) to two decimal places]?
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