Question: 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 Packaging $29,400 11,300 finished units Assembly $49,000 87,900 parts Purchasing $19,600 5,000 purchase orders In May of 2020, 660 units of Product C were finished, requiring $15,300 of direct materials, 5,000 direct labor hours, 1,369 parts, and 37 purchase orders. How much of the three activity costs was allocated to Product C [round overhead rate(s) to two decimal places]
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
