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 Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments $7.00 per direct labor-hour $ 3.00 per machine-hour $ 40.00 per setup $160.00 per order $120.00 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 3,200 5 5 10 B52 40 30 B52 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.) 378 $ 6.50 $ 3.75 4,000 852 $31.00 $ 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 Activity Cost Pool Labor-related Machine-related Machine setups Production orders Shipments $7.00 per direct labor-hour $ 3.00 per machine-hour $ 40.00 per setup $160.00 per order $120.00 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 3,200 5 5 10 B52 40 30 B52 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.) 378 $ 6.50 $ 3.75 4,000 852 $31.00 $ 6.00 100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give image format
![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
$ 120.00 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
Activity Rates
$7.00 per direct labor-hour
$ 3.00 per machine-hour
$ 40.00 per setup
$160.00 per order
Unit product cost
Total Expected
Activity
J78
378
1,000
3,200
5
5
10
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
378
$ 6.50
$ 3.75
4,000
B52
$31.00
$ 6.00
100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff2ef0d2a-3c7a-4a6b-8ab5-c3bb13a7b44d%2F7cc2a7e2-ab3e-469f-8e3e-a9facfd709c6%2Fidrjs8k_processed.jpeg&w=3840&q=75)
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
$ 120.00 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
Activity Rates
$7.00 per direct labor-hour
$ 3.00 per machine-hour
$ 40.00 per setup
$160.00 per order
Unit product cost
Total Expected
Activity
J78
378
1,000
3,200
5
5
10
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
378
$ 6.50
$ 3.75
4,000
B52
$31.00
$ 6.00
100
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