Question: please help Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 20X1
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Activity Rates Patten Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 20X1 total budgeted overhead costs for these two activities are $383,000 (80% for injection molding and 20% for decal application). Molding overhead costs are driven by the number of pounds of plastic that are molded together: Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20X1 are as follows: Pounds of plastic molded 1,910,000 Number of decals applied 255,000 Required: 1. Calculate the activity rate for the plastic injection molding activity. Round your answer to the nearest cent. $:] per pound molded 2. Calculate the activity rate for the decal application activity. Round your answer to the nearest cent. $[:] per decal applied
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