Please do not give solution in image format thanku Vaughn Inc. has conducted the following analysis related to its product lines, using a traditional costingsystem (volume-based) and an activity-based costing system. The traditional and the activity-based costingsystems assign the same amount of direct materials and direct labor costs.ProductsProduct 540XProduct 137YProduct 2495SalesRevenue$200,000163,00092,000Total CostsTraditional$56,00055,00018,000ABC$48,80035,56044,640 For each product line, compute operating income using the activity-based costing system.Product 540XProduct 137Y$Product 2495 $Toutheal

Total cost will remain the same whether we follow traditional costing or activity based cost. Only…

Answered: For each product line, compute…

For each product line, compute operating income using the activity-based costing system. Product 540X Product 137Y Product 2495 $ $ $

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Please do not give solution in image format thanku

Vaughn Inc. has conducted the following analysis related to its product lines, using a traditional costing
system (volume-based) and an activity-based costing system. The traditional and the activity-based costing
systems assign the same amount of direct materials and direct labor costs.
Products
Product 540X
Product 137Y
Product 2495
Sales
Revenue
$200,000
163,000
92,000
Total Costs
Traditional
$56,000
55,000
18,000
ABC
$48,800
35,560
44,640

For each product line, compute operating income using the activity-based costing system.
Product 540X
Product 137Y
$
Product 2495 $
Toutheal

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