Fill in the blanks below: Driver Usage Activity Cost Activity Driver Activity Cost: Activity Cost: Prod. 1 Prod. 1 Prod. 2 Activity Rate Prod. 2 Design Preparation s Machining Finishing Inspection Packaging Shipping 32.000 Design Time 13,200 Labor Hours 99,000 Machine Hours 1,600 2,400 hours per Hour 3,900 hours per Hour 9 per Hour 106 per Batch 7,800 54,000 %24 Batches 100 150 %24 Units 8,600 $ 14,976 %24 4 per Unit %24 6.900 Orders 50 90 per Order %24 8.000 Packages 70 per Package 2,400

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Elmwood Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for
each activity. The chart below lists the total cost of each activity, the amount of activity driver used for each of Elmwood's two products,
the activity rate, and the activity cost assigned to each product.
Fill in the blanks below:
Driver Usage
Activity
Cost
Activity Driver
Activity Cost: Activity Cost:
Prod. 1
Prod. 1
Prod. 2
Activity Rate
Prod. 2
Design
Preparation S
Machining
Finishing
Inspection
32,000 Design Time
1,600
2,400 hours
per Hour
13,200 Labor Hours
99,000 Machine Hours
Batches
Units
3,900
hours
per Hour
9 per Hour
106 per Batch
7,800
54,000
100
150
%24
4 per Unit
8,600 $
14,976
6,900
Packaging
Orders
50
96 per Order
Shipping
%24
8,000 Packages
70
per Package
%24
2,400
Transcribed Image Text:Elmwood Company has identified seven activities as part of its manufacturing process and chosen corresponding activity drivers for each activity. The chart below lists the total cost of each activity, the amount of activity driver used for each of Elmwood's two products, the activity rate, and the activity cost assigned to each product. Fill in the blanks below: Driver Usage Activity Cost Activity Driver Activity Cost: Activity Cost: Prod. 1 Prod. 1 Prod. 2 Activity Rate Prod. 2 Design Preparation S Machining Finishing Inspection 32,000 Design Time 1,600 2,400 hours per Hour 13,200 Labor Hours 99,000 Machine Hours Batches Units 3,900 hours per Hour 9 per Hour 106 per Batch 7,800 54,000 100 150 %24 4 per Unit 8,600 $ 14,976 6,900 Packaging Orders 50 96 per Order Shipping %24 8,000 Packages 70 per Package %24 2,400
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