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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 Rates $7.00 per direct labor-hour Activity Cost Pool Labor-related Machine-related. Machine setups $ 4.00 per machine-hour $50.00 per setup Production orders. $ 100.00 per order Shipments $ 150.00 per shipment General factory $4.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit Number of units produced per year Direct labor-hours. Machine-hours Machine setups Production orders Shipments Unit product cost Total Expected Activity J78 378 1,000 2,000 6 5 8 B52 20 50 B52 3 3 3 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 378 $ 3.00 $ 3.00 2,000 B52 $20.00 $ 6.00 100

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 Rates $7.00 per direct labor-hour Activity Cost Pool Labor-related Machine-related. Machine setups $ 4.00 per machine-hour $50.00 per setup Production orders. $ 100.00 per order Shipments $ 150.00 per shipment General factory $4.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct materials cost per unit Direct labor cost per unit Number of units produced per year Direct labor-hours. Machine-hours Machine setups Production orders Shipments Unit product cost Total Expected Activity J78 378 1,000 2,000 6 5 8 B52 20 50 B52 3 3 3 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 378 $ 3.00 $ 3.00 2,000 B52 $20.00 $ 6.00 100

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 Labor-related Machine-related Machine setups Production orders. Shipments General factory Cost and activity data have been supplied for the following products: Direct labor-hours Direct materials cost per unit Direct labor cost per unit Number of units produced per year Machine-hours Machine setups Production orders Shipments Activity Rates $7.00 per direct labor-hour $ 4.00 per machine-hour $50.00 per setup $100.00 per order $ 150.00 per shipment $ 4.00 per direct labor-hour Unit product cost Total Expected Activity J78 J78 1,000 2,000 6 5 8 B52 20 50 3 3 3 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 J78 $ 3.00 $ 3.00 2,000 B52 $ 20.00 $ 6.00 100
Transcribed Image Text: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 Labor-related Machine-related Machine setups Production orders. Shipments General factory Cost and activity data have been supplied for the following products: Direct labor-hours Direct materials cost per unit Direct labor cost per unit Number of units produced per year Machine-hours Machine setups Production orders Shipments Activity Rates $7.00 per direct labor-hour $ 4.00 per machine-hour $50.00 per setup $100.00 per order $ 150.00 per shipment $ 4.00 per direct labor-hour Unit product cost Total Expected Activity J78 J78 1,000 2,000 6 5 8 B52 20 50 3 3 3 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 J78 $ 3.00 $ 3.00 2,000 B52 $ 20.00 $ 6.00 100
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