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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 $ 100.00 per order Shipments $190.00 per shipment General factory $ 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 Activity Rates $ 10.00 per direct labor-hour $ 10.00 per machine-hour $ 70.00 per setup Machine setups Production orders Shipments Unit product cost Total Expected Activity J78 J78 1,300 4,000 4 3 6 B52 40 30 1 1 1 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 $ 6.00 $ 5.00 1,000 B52 $ 41.00 $ 9.00 100

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 Cost Pool Labor-related Machine-related Machine setups Production orders $ 100.00 per order Shipments $190.00 per shipment General factory $ 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 Activity Rates $ 10.00 per direct labor-hour $ 10.00 per machine-hour $ 70.00 per setup Machine setups Production orders Shipments Unit product cost Total Expected Activity J78 J78 1,300 4,000 4 3 6 B52 40 30 1 1 1 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 $ 6.00 $ 5.00 1,000 B52 $ 41.00 $ 9.00 100

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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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 $ 100.00 per order Shipments $190.00 per shipment General factory $ 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 Activity Rates $ 10.00 per direct labor-hour $ 10.00 per machine-hour $ 70.00 per setup Machine-hours Machine setups Production orders Shipments Unit product cost Total Expected Activity J78 J78 1,300 4,000 4 3 6 B52 40 30 1 1 1 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 $ 6.00 $ 5.00 1,000 B52 $ 41.00 $ 9.00 100
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 $ 100.00 per order Shipments $190.00 per shipment General factory $ 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 Activity Rates $ 10.00 per direct labor-hour $ 10.00 per machine-hour $ 70.00 per setup Machine-hours Machine setups Production orders Shipments Unit product cost Total Expected Activity J78 J78 1,300 4,000 4 3 6 B52 40 30 1 1 1 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 $ 6.00 $ 5.00 1,000 B52 $ 41.00 $ 9.00 100
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