Question: ABC Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Production Unit Hubs Sprockets 0.80

ABC Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow:DirectLabor-Hoursper A

ABC Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Production Unit Hubs Sprockets 0.80 17,000 units 0.40 47,000 units Additional information about the company follows: a. Hubs require $33 in direct materials per unit, and Sprockets require $15. b. The direct labor wage rate is $18 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Estimated Overhead Cost Activity Cost Pool (Activity Measure) Hubs Sprockets 125 Machine setups (number of setups) $ 23,625 100 Special processing (machine-hours) 4,100 0 $205,000 $126,400 General factory (organization-sustaining) Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for each activity cost pool. Activity Cost Pool Activity Rate Machine setups per setup Special processing per MH Total 225 4,100 NA

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 Activity Rate Estimated overhead Total Activity Machine Setups 23625 225 105 pe... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Disclaimer: Please go ahead and rate Tanner, just like i did. I want to know if i am right or far off from her rating. I am more interested in Tanner's rating, please rate her from beginning to end...

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit for each department. Department Gross Profit Skis Snowboards

Complete this question by entering your answers in the tabs below. Required Required Required Required 1 2 4 Complete the new performance report for the quarter, based on Flexible Budget Performance...

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Complete the schedule of expected cash collections. Schedule of Expected Cash Collections May June...

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow: Additional information about the company follows: a. Hubs require $32 in direct materials per...

Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Additional information about the company follows: a. Rims require $17 in direct...

General ledger relationships, under- and over allocation. (S. Sridhar adapted) Needham Company uses normal costing in its job-costing system. Partially completed T-accounts and additional information...

Model X100 sells for $120 per unit whereas Model X200 offers advanced features and sells for S500 per unit. Management expects to sell 50,000 units of Model X100 and 5,000 units of Model X200 next...

Breeze beverage company manufacturing soft drinks, information about two products is as follows: It is known that both products have the same direct materials and direct labor costs per case. Breeze...

Consider the following data for two products of Rowena Manufacturing. Required 1. Using direct labor hours as the basis for assigning overhead costs, determine the total production cost per unit for...

Compensated Absences Mathewson Company began operations on January 2, 2010. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid...

Con-Sport Corporation is a regional wholesaler of sporting goods. The systems flowchart in Figure and the following description present Con-Sports cash distribution system. a. The accounts payable...

What concerns do you think an employer (of the client's desired job) may have with the client and his or her disability and how would you use the ADA to be an advocate for the client? How would you...

True or false: Arbitrage opportunities will not exist in efficient markets. True false question. True False

Instead of saying that Cary moves 3 units left and 2 units up, you can say that Carys position is displaced by the vector [3, 2]. Identify the following displacement vectors: (a) Stacey starts at (2,...

Provide complete information on the dataset (heart disease dataset). explained in a structured and complete. please don't only copy paste from the website. but give more explanation that make it...

Webex Meetings File Edit Share View Audio Participant Meeting Window Help Cisco Webex Meetings Chap 14 Simple Linear Regression 1. Data are gathered on each car in the motor pool, regarding number of...

1. Create OR and XOR gates from NAND gates and NOT! 2. Create three-input XOR and XNOR gates with two-input base gate. (simulate your answer using circuit maker)

Calculate the compressibility factor for real gas O2 at P= 50.1 atm, and the molar volume of oxygen Vm= 78.2 L mol-. %3D

solve import java. util . Scanner; public class AnotherScoreAdjuster { public static void updateScoreVals (int scoreVals, int updateVal) { int 1; int updatedScoreVals = new int [scoreVals. length] ;...

Fogerty Company makes two productstitanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production Hubs 0.80 23,000 units Sprockets 0.40 42,000 units...

Working on my questions before finals. These practice questions I would like to compare the correct answer. FINAL PRACTICE Question 1: Detmer Enterprises has budgeted sales for the next four months...

The ABC Company starts the year in fine shape. The firm makes widgetsjust what the customer wants. It makes them for $0.75 each and sells them for $1.00. The ABC Company keeps an inventory equal to...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Home Work $ 37 $ 71 15 363 578 620 units 470 units Direct materials cost per unit...

Yosef Company makes two products'guns and butter. Production cost data are as follows: Both the guns and the butter are manufactured in the same facility and, surprisingly, using the same equipment....

Harrison Company makes two products and uses a conventional costing system in which a single plantwide, predetermined overhead rate is computed based on direct labour-hours. These products are...