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Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the beginning of the year, the following data were prepared for this plant: Deluxe Regular Quantity 100,000 800,000 Selling price $900 $750 Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200 $2,100,000 Machining Machine hours 100,000 300,000 60,000,000 Engineering Engineering hours 50,000 100,000 10,500,000 Packing Packing orders 100,000 400,000 450,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. 4,200 v per setup Setups Machining 150 v per machine hour

Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the beginning of the year, the following data were prepared for this plant: Deluxe Regular Quantity 100,000 800,000 Selling price $900 $750 Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200 $2,100,000 Machining Machine hours 100,000 300,000 60,000,000 Engineering Engineering hours 50,000 100,000 10,500,000 Packing Packing orders 100,000 400,000 450,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. 4,200 v per setup Setups Machining 150 v per machine hour

FINANCIAL ACCOUNTING
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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Chapter 5 Practice Set (Not Graded) O eBook Print Item In addition, the following information was provided so that overhead costs could be assigned to each product: 8. BE.05.28A.ALGO Activity Name Activity Driver Deluxe Regular Activity Cost 9. EX.05.37.ALGO Setups Number of setups 300 200 $2,100,000 10. EX.05.38.ALGO Machining Machine hours 100,000 300,000 60,000,000 11. EX.05.39 ALGO Engineering Engineering hours 50,000 100,000 10,500,000 Packing Packing orders 100,000 400,000 450,000 12. EX.05.40.ALGO Required: 13. EX.05.41.ALGO 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. 14. EX.05.42.ALGO Setups 4,200 V per setup Machining 150 V per machine hour 15. EX.05.43.ALGO Engineering $4 70 v per engineering hour 16. EX.05.47 ALGO Packing 0.9 V per packing order 17. EX.05.48.ALGO 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. 18. EX.05.49.BLANKSHEET.A. Deluxe 3,776 x per unit Regular per unit 19. EX.05.51.ALGO Feedback 20. PR.05.54.BLANKSHEET.A... 21. PR.05.62.ALGO
Transcribed Image Text:Chapter 5 Practice Set (Not Graded) O eBook Print Item In addition, the following information was provided so that overhead costs could be assigned to each product: 8. BE.05.28A.ALGO Activity Name Activity Driver Deluxe Regular Activity Cost 9. EX.05.37.ALGO Setups Number of setups 300 200 $2,100,000 10. EX.05.38.ALGO Machining Machine hours 100,000 300,000 60,000,000 11. EX.05.39 ALGO Engineering Engineering hours 50,000 100,000 10,500,000 Packing Packing orders 100,000 400,000 450,000 12. EX.05.40.ALGO Required: 13. EX.05.41.ALGO 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. 14. EX.05.42.ALGO Setups 4,200 V per setup Machining 150 V per machine hour 15. EX.05.43.ALGO Engineering $4 70 v per engineering hour 16. EX.05.47 ALGO Packing 0.9 V per packing order 17. EX.05.48.ALGO 2. Calculate the per-unit product cost for each product. Round your answers to the nearest whole dollar. 18. EX.05.49.BLANKSHEET.A. Deluxe 3,776 x per unit Regular per unit 19. EX.05.51.ALGO Feedback 20. PR.05.54.BLANKSHEET.A... 21. PR.05.62.ALGO
Chapter 5 Practice Set (Not Graded) O eBook E Print Item 8. BE.05.28A.ALGO Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the 9. EX.05.37.ALGO beginning of the year, the following data were prepared for this plant: 10. EX.05.38.ALGO Deluxe Regular 11. EX.05.39.ALGO Quantity 100,000 800,000 Selling price $900 $750 12. EX.05.40 ALGO Unit prime cost $529 $483 13. EX.05.41.ALGO In addition, the following information was provided so that overhead costs could be assigned to each product: 14. EX.05.42.ALGO Activity Name Activity Driver Deluxe Regular Activity Cost 15. EX.05.43.ALGO Setups Number of setups 300 200 $2,100,000 Machining Machine hours 100,000 300,000 60,000,000 16. EX.05.47.ALGO Engineering Engineering hours 50,000 100,000 10,500,000 17. EX.05.48.ALGO Packing Packing orders 100,000 400,000 450,000 18. EX.05.49.BLANKSHEET.A. Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. 19. EX.05.51.ALGO Setups 4,200 v per setup 20. PR.05.54.BLANKSHEET.A.. Machining 150 V per machine hour 21. PR.05.62.ALGO Check My Work Previous Next
Transcribed Image Text:Chapter 5 Practice Set (Not Graded) O eBook E Print Item 8. BE.05.28A.ALGO Activity Rates and Activity-Based Product Costing Hammer Company produces a variety of electronic equipment. One of its plants produces two laser printers: the deluxe and the regular. At the 9. EX.05.37.ALGO beginning of the year, the following data were prepared for this plant: 10. EX.05.38.ALGO Deluxe Regular 11. EX.05.39.ALGO Quantity 100,000 800,000 Selling price $900 $750 12. EX.05.40 ALGO Unit prime cost $529 $483 13. EX.05.41.ALGO In addition, the following information was provided so that overhead costs could be assigned to each product: 14. EX.05.42.ALGO Activity Name Activity Driver Deluxe Regular Activity Cost 15. EX.05.43.ALGO Setups Number of setups 300 200 $2,100,000 Machining Machine hours 100,000 300,000 60,000,000 16. EX.05.47.ALGO Engineering Engineering hours 50,000 100,000 10,500,000 17. EX.05.48.ALGO Packing Packing orders 100,000 400,000 450,000 18. EX.05.49.BLANKSHEET.A. Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. 19. EX.05.51.ALGO Setups 4,200 v per setup 20. PR.05.54.BLANKSHEET.A.. Machining 150 V per machine hour 21. PR.05.62.ALGO Check My Work Previous Next
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