Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighti fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity Casting Assembly Inspecting Setup Materials handling Activity Base Machine hours Direct labor hours Number of inspections Number of setups Number of loads Units produced Budgeted Activity Cost Activity Base Machine hours Direct labor hours Number of inspections Number of setups Number of loads Corporate records were obtained to estimate the amoun activity to be used by the two products. The estimated activity-base usage quantities and units produced follow Entry Dining Total 5,440 4,830 10,270 4,680 7,030 11,710 1,870 590 2,460 270 60 330 810 220 1,030 10,800 5,400 16,200 $225,940 222,490 39,360 46,860 50,470 Activity Casting Assembly Inspecting Setup Materials handling a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Rate per machine hour per direct labor hour per inspection per setup per load

Activity Rates and Product Costs using Activity-Based Costing Lonsdale Inc. manufactures entry and dining room lighti fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity Casting Assembly Inspecting Setup Materials handling Activity Base Machine hours Direct labor hours Number of inspections Number of setups Number of loads Units produced Budgeted Activity Cost Activity Base Machine hours Direct labor hours Number of inspections Number of setups Number of loads Corporate records were obtained to estimate the amoun activity to be used by the two products. The estimated activity-base usage quantities and units produced follow Entry Dining Total 5,440 4,830 10,270 4,680 7,030 11,710 1,870 590 2,460 270 60 330 810 220 1,030 10,800 5,400 16,200 $225,940 222,490 39,360 46,860 50,470 Activity Casting Assembly Inspecting Setup Materials handling a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar. Activity Rate per machine hour per direct labor hour per inspection per setup per load

Name: Activity Rates and Product Costs using Activity-BasedCostingLonsdale
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Description: Activity Rates and Product Costs using Activity-BasedCostingLonsdale Inc. manufactures entry and dining room lightingfixtures. Five activities are used in manufacturing thefixtures. These activities and their associated budgetedactivity costs and ac

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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