1. A company manufactures two products, chairs and tables.Data regarding the two product is as follows: Direct labor hours per unit Annual production Chairs 0.5 Hours 5,000 Units Tables 0.8 Hours 4,000 Units Chairs require $40.00 in direct materials per unit and tables require $50 per unit.The direct labor wage rate is $30 per hour.The activity-based costing system has the following activity cost pools: Activity cost pool Activity Measure Estimated overhead cost Activity Machine set ups Number of set ups $150,000 1,000 1,500 Special processing Machine hours $100,000 180 220 Compute the unit product cost for chairs rounded to the nearest cent. Compute the unit product cost for chairs rounded to the nearest cent.

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To compute the unit product cost for chairs using the activitybased costing system we need to consid... View the full answer