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Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Setup Quality control Estimated Total Cost $ 620,000 99,470 154, 160 Machining Setup Quality Control Required: Compute the activity rates for each of the following activity pools. Note: Round your answers to 2 decimal places. Estimated Cost Driver 20,000 machine hours. 490 batches 940 inspections per Machine Hour per Batch per Inspection

Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Setup Quality control Estimated Total Cost $ 620,000 99,470 154, 160 Machining Setup Quality Control Required: Compute the activity rates for each of the following activity pools. Note: Round your answers to 2 decimal places. Estimated Cost Driver 20,000 machine hours. 490 batches 940 inspections per Machine Hour per Batch per Inspection

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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Munabhai 

Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Setup Quality control Estimated Total Cost $ 620,000 99,470 154, 160 Machining Setup Quality Control Required: Compute the activity rates for each of the following activity pools. Note: Round your answers to 2 decimal places. Estimated Cost Driver 20,000 machine hours 490 batches 940 inspections per Machine Hour per Batch per Inspection
Transcribed Image Text:Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Setup Quality control Estimated Total Cost $ 620,000 99,470 154, 160 Machining Setup Quality Control Required: Compute the activity rates for each of the following activity pools. Note: Round your answers to 2 decimal places. Estimated Cost Driver 20,000 machine hours 490 batches 940 inspections per Machine Hour per Batch per Inspection
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