Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Activity Rate Assembly $12.75 per MH Processing orders $45.00 per order Inspection $75.00 per Inspection Hour Data concerning one of the company's products appear below: Selling price per unit Direct materials cost per unit Direct labor cost per unit Annual unit production and sales Annual machine-hours Annual orders Annual inspection-hours much overhead was applied to this product? 5 90,075 S100,725 5 99,825 5 92,625

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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§ Your Corporation has provided the following data from its activity-based costing system:
Activity Cost Pool
Activity Rate
Assembly
$12.75 per MH
Processing orders
$45.00 per order
Inspection
$75.00 per Inspection Hour
Data concerning one of the company's products appear below:
Selling price per unit
$113.70
Direct materials cost per unit
$48.14
Direct labor cost per unit
$11.62
Annual unit production and sales
750
Annual machine-hours
6,500
Annual orders
160
Annual inspection-hours
130
How much overhead was applied to this product?
O$ 90,075
O $100,725
O $ 99,825
O$ 92,625
Transcribed Image Text:§ Your Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Activity Rate Assembly $12.75 per MH Processing orders $45.00 per order Inspection $75.00 per Inspection Hour Data concerning one of the company's products appear below: Selling price per unit $113.70 Direct materials cost per unit $48.14 Direct labor cost per unit $11.62 Annual unit production and sales 750 Annual machine-hours 6,500 Annual orders 160 Annual inspection-hours 130 How much overhead was applied to this product? O$ 90,075 O $100,725 O $ 99,825 O$ 92,625
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