Bearington Enterprises uses an activity-based costing system to assign costs in its auto-parts division.Est. Indirect ActivityCostsCost Allocation Rate$5.00/move$5.00/dir. labor hour$2.50/finished unitAllocation BaseActivityMaterialsAssemblingPackaging$60,000$175,000$70,000Material movesDirect labor hours# of finished unitsThe following units were produced in December with the following information:# Produced1,2503,5003,750Dir. Labor Hours.Part #Part 001Part 002Part 003Materials Costs$2,500$6,000$7,000# Moves1005002002,5003001,250Total unit cost for Part 002 is closest to (rounded):$5.36.$5.70.$9.37.$3.64.

Name: Bearington Enterprises uses an activity-based costing system to assig
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Description: Bearington Enterprises uses an activity-based costing system to assign costs in its auto-parts division.Est. Indirect ActivityCostsCost Allocation Rate$5.00/move$5.00/dir. labor hour$2.50/finished unitAllocation BaseActivityMaterialsAssemblingPackag

Particulars Amount Material costs $6000 Materials (500 move x $5) $2500 Assembling (300 hours…

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Bearington Enterprises uses an activity-based costing system to assign costs in its auto-parts division. Est. Indirect Activity Costs Activity Materials Assembling Packaging $60,000 $175,000 $70,000 |Allocation Base Material moves Direct labor hours # of finished units Cost Allocation Rate $5.00/move $5.00/dir. Iabor hour $2.50/finished unit The following units were produced in December with the following information: Part # Part 001 Part 002 Part 003 # Produced 1,250 3,500 3,750 Materials Costs $2,500 $6,000 $7,000 # Moves 100 500 2,500 Dir. Labor Hours. 200 300 1,250 Total unit cost for Part 002 is closest to (rounded): $5.36. O 5.70. $9.37. $3.64.

Bearington Enterprises uses an activity-based costing system to assign costs in its auto-parts division. Est. Indirect Activity Costs Activity Materials Assembling Packaging $60,000 $175,000 $70,000 |Allocation Base Material moves Direct labor hours # of finished units Cost Allocation Rate $5.00/move $5.00/dir. Iabor hour $2.50/finished unit The following units were produced in December with the following information: Part # Part 001 Part 002 Part 003 # Produced 1,250 3,500 3,750 Materials Costs $2,500 $6,000 $7,000 # Moves 100 500 2,500 Dir. Labor Hours. 200 300 1,250 Total unit cost for Part 002 is closest to (rounded): $5.36. O 5.70. $9.37. $3.64.

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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