Activity-Based CostingPure Cane Sugar Company manufactures three products (white sugar, brown sugar, and powdered sugar) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The controller identified the amount of factory overhead required by the critical activities of the organization as follows:ActivityActivity CostsProduction$247,500Setup48,000Inspection12,500Shipping69,30027,600Customer service$404,900TotalThe activity bases identified for each activity are as follows:ActivityActivity BaseProductionMachine hoursSetupNumber of setupsInspectionNumber of inspectionsShippingNumber of customer ordersCustomerNumber of customer serviceservicerequestsThe activity-base usage quantities and units produced for the three products were determined from corporate records and are as follows:Number ofNumber ofCustomerCustomerServiceMachineNumber ofNumber ofOrdersRequestsUnitsHoursSetupsInspections410258,000White sugar2,000501001,1002005,000Brown sugar1,250701608001205,000Powdered sugar1,250802402,31034518,0004,500200500TotalEach product requires 0.25 machine hour per unit.Required:1. Determine the activity rate for each activity.Activity RateProduction/mhSetup%24/setupInspectionfinsp.Shipping/cust. ord.Customer Service/req.2. Determine the total and per-unit activity costs for all three products. Round "Activity cost per unit" answers to two decimal places.White SugarBrown SugarPowdered SugarTotal activity cost%24Activity cost per unit3. Why aren't the activity unit costs equal across all three products since they require the same machine time per unit?

Answered: Activity Bese Number of customer…

Activity Bese Number of customer service Machine Number of Number ofr Customer Hours Setups Inspectione Orders res 0.25 machine hour per 非! il川 i

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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View Policies Current Attempt in Progress A company expected its annual overhead costs to be $692920 and machine hours to equal 101900 hours. Actual overhead was $744100, and actual machine hours totalled 97400 hours. How much is the company's predetermined overhead rate to the nearest cent, assuming overhead is applied based on machine hours? O $7.30 O $6.80 O $7.64 O $7.11 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer
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