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ect labor hours or ate is $21510 per DH The drect materias cont per unt for each product g Direct Materials Cest per it $229.0 eeces has an actiy baed costng system wim 1acivty cat poo actve Estimeted Overteat tpectedtiity Activity Cest

ect labor hours or ate is $21510 per DH The drect materias cont per unt for each product g Direct Materials Cest per it $229.0 eeces has an actiy baed costng system wim 1acivty cat poo actve Estimeted Overteat tpectedtiity Activity Cest

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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Snavely, Inc, manufactures and sels two products Product El and Product AZ Data conceming the expected productton of each product and the expected total direct labor hours (DH) requred to produce that output appear below Total Direct Direct Labor-Hours Expected Production Per Unit 1,100 Labor Hours Product E1 2.0 2,200 Product A7 300 1.0 300 Total direct labor-hours 2,500 The direct labor rate is $2110 per DLH The direct materials cost per unt for each product is given below Direct Materials Cost per Unit Product E1 $229.00 Product A7 $220.00 The company has an activity based costing system wth the folowng actvey cost pooh, actvty measres and expected activity Estimated topected tivity Activity Overhead Activity Cost Pools Labor-related Product E1 Product A 2,200 1,200 Measures Cost $ 137,300 64,730 Total 2,500 1,500 300 Machine setups setups 300 6,500 1,012,420 $1,214,450 Order size 2,800 3,700 The activity rate for the Order Sze activity cost pool under activity-based costing is closest to
Transcribed Image Text:Snavely, Inc, manufactures and sels two products Product El and Product AZ Data conceming the expected productton of each product and the expected total direct labor hours (DH) requred to produce that output appear below Total Direct Direct Labor-Hours Expected Production Per Unit 1,100 Labor Hours Product E1 2.0 2,200 Product A7 300 1.0 300 Total direct labor-hours 2,500 The direct labor rate is $2110 per DLH The direct materials cost per unt for each product is given below Direct Materials Cost per Unit Product E1 $229.00 Product A7 $220.00 The company has an activity based costing system wth the folowng actvey cost pooh, actvty measres and expected activity Estimated topected tivity Activity Overhead Activity Cost Pools Labor-related Product E1 Product A 2,200 1,200 Measures Cost $ 137,300 64,730 Total 2,500 1,500 300 Machine setups setups 300 6,500 1,012,420 $1,214,450 Order size 2,800 3,700 The activity rate for the Order Sze activity cost pool under activity-based costing is closest to
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