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 Activity Rates $10.00 per direct labor-hour $10.00 per nachine-hour $ 60.00 per setup $100.00 per order $ 180.00 per shipment $10.00 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 setupa Production orders Shipments Total Expected Activity 378 378 1,500 2,000 3 4 5 052 50 30 852 2 2 378 $3.00 $5.00 2,000 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 852 $46.00 $5.00 200

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 Activity Rates $10.00 per direct labor-hour $10.00 per nachine-hour $ 60.00 per setup $100.00 per order $ 180.00 per shipment $10.00 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 setupa Production orders Shipments Total Expected Activity 378 378 1,500 2,000 3 4 5 052 50 30 852 2 2 378 $3.00 $5.00 2,000 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 852 $46.00 $5.00 200

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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