I need a step by step please J78B52Direct materials cost per unit$6.50 $31.00Direct labor cost per unit$3.75$6.00Number of units produced per year 4,000100Total Expected ActivityJ78B52Direct labor-hours1,00040Machine-hours3,20030Machine setups1Production orders1Shipments101Required:Compute the unit product cost of each product listed above. EXERCISE 4–3 Compute ABC Product Costs LO4-3 9Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains thefollowing six activity cost pools and activity rates:Activity Cost PoolActivity Rates$7.00 per direct labor-hour$3.00 per machine-hourLabor-relatedMachine-related$40.00 per setup$160.00 per orderMachine setupsProduction orders$120.00 per shipment$4.00 per direct labor-hourShipmentsGeneral factoryCost and activity data have been supplied for the following products:Page 171J78B52Direct materials cost per unit$6.50 $31.0ODirect labor cost$3.75$6.00r unitNumber of units produced per year 4,000100

The cost per unit is calculated as total cost divided by number of units.

J78 B52 Direct materials cost per unit $6.50 $31.00 Direct labor cost per unit $3.75 $6.00 Number of units produced per year 4,000 100 Total Expected Activity J78 B52 Direct labor-hours 1,000 40 Machine-hours 3,200 30 Machine setups 5 1 Production orders 5 1 Shipments 10 1

J78 B52 Direct materials cost per unit $6.50 $31.00 Direct labor cost per unit $3.75 $6.00 Number of units produced per year 4,000 100 Total Expected Activity J78 B52 Direct labor-hours 1,000 40 Machine-hours 3,200 30 Machine setups 5 1 Production orders 5 1 Shipments 10 1

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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Concept explainers

Amortized Loans

The term "amortization" refers to spreading the value of a loan or a debt over a series of regular payments or installments comprising of both the principal and interest amount. It generally involves the process where in the value of a loan or an intangible asset is written down over its maturity period.

Question

I need a step by step please

J78
B52
Direct materials cost per unit
$6.50 $31.00
Direct labor cost per unit
$3.75
$6.00
Number of units produced per year 4,000
100
Total Expected Activity
J78
B52
Direct labor-hours
1,000
40
Machine-hours
3,200
30
Machine setups
1
Production orders
1
Shipments
10
1
Required:
Compute the unit product cost of each product listed above.

EXERCISE 4–3 Compute ABC Product Costs LO4-3 9
Larner Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the
following six activity cost pools and activity rates:
Activity Cost Pool
Activity Rates
$7.00 per direct labor-hour
$3.00 per machine-hour
Labor-related
Machine-related
$40.00 per setup
$160.00 per order
Machine setups
Production orders
$120.00 per shipment
$4.00 per direct labor-hour
Shipments
General factory
Cost and activity data have been supplied for the following products:
Page 171
J78
B52
Direct materials cost per unit
$6.50 $31.0O
Direct labor cost
$3.75
$6.00
r unit
Number of units produced per year 4,000
100

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