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 $ 5.00 per direct labor-hour $ 4.00 per machine-hour Machine setups $ 60.00 per setup Production orders $ 100.00 per order Shipments $ 120.00 per shipment General factory $ 4.00 per direct labor-hour Cost and activity data have been supplied for the following products: 376 $ 3.50 $ 3.75 2,000 Direct materials cost per unit Direct labor cost per unit Number of units produced per year Direct labor-hours Machine-houre Machine setups Production orders Shipments Total Expected Activity 378 1,200 2,800 7 7 5 D52 40 20 4 B52 $ 20.00 $9.00 400 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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 $ 5.00 per direct labor-hour $ 4.00 per machine-hour Machine setups $ 60.00 per setup Production orders $ 100.00 per order Shipments $ 120.00 per shipment General factory $ 4.00 per direct labor-hour Cost and activity data have been supplied for the following products: 376 $ 3.50 $ 3.75 2,000 Direct materials cost per unit Direct labor cost per unit Number of units produced per year Direct labor-hours Machine-houre Machine setups Production orders Shipments Total Expected Activity 378 1,200 2,800 7 7 5 D52 40 20 4 B52 $ 20.00 $9.00 400 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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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