Please do not give solution in image format thanku Larner 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 Rates$ 7.00 per direct labor-hour$ 4.00 per machine-hourMachine setups$ 50.00 per setupProduction orders.$ 100.00 per orderShipments$ 150.00 per shipmentGeneral factory$ 4.00 per direct labor-hourCost and activity data have been supplied for the following products:378$ 3.00$ 3.002,000Activity Cost PoolLabor-relatedMachine-relatedDirect materials cost per unitDirect labor cost per unitNumber of units produced per yearDirect labor-hoursMachine-hoursMachine setupsProduction ordersShipmentsUnit product costTotal ExpectedActivityJ783781,0002,000658B52208525033Required:Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2decimal places.)3B52$ 20.00$6.00100

The overhead is applied to the production on the basis of pre-determined overhead rate. The unit…

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 Activity Rates $ 7.00 per direct labor-hour $ 4.00 per machine-hour $ 50.00 per setup Machine setups 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 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.) 852 378 $ 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 Cost Pool Labor-related Machine-related Activity Rates $ 7.00 per direct labor-hour $ 4.00 per machine-hour $ 50.00 per setup Machine setups 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 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.) 852 378 $ 3.00 $ 3.00 2,000 B52 $ 20.00 $6.00 100

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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