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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 $ 100.00 per shipment General factory $7.00 per direct labor-hour Cost and activity data have been supplied for the following products: J78 $5.00 $ 4.50 5,000 Activity Rates $7.00 per direct labor-hour $7.00 per machine-hour $ 40.00 per setup $ 100.00 per order 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 J78 1,200 3,200 5 7 5 B52 50 20 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 3 3 3 B52 $ 34.00 $ 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 $ 100.00 per shipment General factory $7.00 per direct labor-hour Cost and activity data have been supplied for the following products: J78 $5.00 $ 4.50 5,000 Activity Rates $7.00 per direct labor-hour $7.00 per machine-hour $ 40.00 per setup $ 100.00 per order 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 J78 1,200 3,200 5 7 5 B52 50 20 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 3 3 3 B52 $ 34.00 $ 5.00 200

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 Rates $7.00 per direct labor-hour $7.00 per machine-hour Machine setups $ 40.00 per setup Production orders $ 100.00 per order Shipments $ 100.00 per shipment General factory $7.00 per direct labor-hour Cost and activity data have been supplied for the following products: J78 $5.00 $ 4.50 5,000 Activity Cost Pool Labor-related Machine-related 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 J78 1,200 3,200 5 7 5 B52 50 20 3 B52 www. Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 3 B52 $ 34.00 $5.00 200
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 Rates $7.00 per direct labor-hour $7.00 per machine-hour Machine setups $ 40.00 per setup Production orders $ 100.00 per order Shipments $ 100.00 per shipment General factory $7.00 per direct labor-hour Cost and activity data have been supplied for the following products: J78 $5.00 $ 4.50 5,000 Activity Cost Pool Labor-related Machine-related 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 J78 1,200 3,200 5 7 5 B52 50 20 3 B52 www. Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) 3 B52 $ 34.00 $5.00 200
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