Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 20x1 total budgete ead costs for these two activities are $540,000 (70% for injection molding and 30% for decal application). Molding overhead costs are driven by the number of pounds of p re molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20X1 are as follows: Is of plastic molded 2,070,000 er of decals applied 264,000 red: Iculate the activity rate for the plastic injection molding activity. Round your answer to the nearest cent. per pound molded Iculate the activity rate for the decal application activity. Round your answer to the nearest cent. per decal applied

Company uses activity-based costing (ABC). Patten manufactures toy cars using two activities: plastic injection molding and decal application. Patten's 20x1 total budgete ead costs for these two activities are $540,000 (70% for injection molding and 30% for decal application). Molding overhead costs are driven by the number of pounds of p re molded together. Decal application overhead costs are driven by the number of decals applied to toys. The budgeted activity data for 20X1 are as follows: Is of plastic molded 2,070,000 er of decals applied 264,000 red: Iculate the activity rate for the plastic injection molding activity. Round your answer to the nearest cent. per pound molded Iculate the activity rate for the decal application activity. Round your answer to the nearest cent. per decal applied

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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