Do not give answer in image Equipment depreciationSupervisory expenseActivity:Product WiProduct MeTotalActivity Cost PoolsMachining Order Filling0.500.50In the second stage, Machining costs are assigned to products using machine-hours (MH-s) and Order Filling costs are assigned to products using the numberof orders. The costs in the Other activity cost pool are not assigned to products.MHs (Machining)5,54015,80021,3400.300.20Other0.200.30Orders (OrderFilling)1429241,066Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product marginsSales and Direct Cost Data:Product WiProduct HoSales (total)$ 73,000$ 63,800Direct materials (total).$ 37,900$ 19,600Direct labor (total)$ 16,300$ 35,100What is the product margin for Product Wt under activity based costing? (Round your intermediate calculations to 2 decimal places)

Costing systems are defined as the methods that an entity opts to measure and control its…

Equipment depreciation Supervisory expense Machining 0.50 0.50 Product Wi Product Me Total Activity Cost Pools Order Filling MHs (Machining) 5,540 15,800 21,340 0.30 0.20 in the second stage. Machining costs are assigned to products using machine-hours (Mi-Is) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity: Other 0.20 0.30 Orders (Order Filling) 142 924 1,066 Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins Sales and Direct Cost Data Product Ho Sales (total) Product Wi $ 73,000 $ 37,900 Direct materials (total) $ 63,000 $19,600 Direct labor (total) $ 16,900 $ 35,100 What is the product margin for Product Wt under activity based costing? (Round your intermediate calculations to 2 decimal places)

Equipment depreciation Supervisory expense Machining 0.50 0.50 Product Wi Product Me Total Activity Cost Pools Order Filling MHs (Machining) 5,540 15,800 21,340 0.30 0.20 in the second stage. Machining costs are assigned to products using machine-hours (Mi-Is) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity: Other 0.20 0.30 Orders (Order Filling) 142 924 1,066 Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins Sales and Direct Cost Data Product Ho Sales (total) Product Wi $ 73,000 $ 37,900 Direct materials (total) $ 63,000 $19,600 Direct labor (total) $ 16,900 $ 35,100 What is the product margin for Product Wt under activity based costing? (Round your intermediate calculations to 2 decimal places)

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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