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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. $ 8.00 per direct labor-hour $9.00 per machine-hour $80.00 per setup Machine setups Production orders $ 200.00 per order Shipments $190.00 per shipment General factory $9.00 per direct labor-hour Cost and activity data have been supplied for the following products: 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 Total Expected Activity 178 J78 1,100 2,300 5 4 12 B52 30 30 DEO 2 2 2 J78 $ 7.50 $ 4.50 1,000 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 $44.00 $ 4.00 400

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. $ 8.00 per direct labor-hour $9.00 per machine-hour $80.00 per setup Machine setups Production orders $ 200.00 per order Shipments $190.00 per shipment General factory $9.00 per direct labor-hour Cost and activity data have been supplied for the following products: 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 Total Expected Activity 178 J78 1,100 2,300 5 4 12 B52 30 30 DEO 2 2 2 J78 $ 7.50 $ 4.50 1,000 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 $44.00 $ 4.00 400

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 Cost Pool Labor-related Machine-related $9.00 per machine-hour $80.00 per setup $ 200.00 per order $ 190.00 per shipment $9.00 per direct labor-hour Cost and activity data have been supplied for the following products: Machine setups. Production orders Shipments General factory Direct materials cost per unit Direct labor cost per unit. Number of units produced per year Direct labor-hours Activity Rates $ 8.00 per direct labor-hour Machine-hours Machine setups Production orders. Shipments Unit product cost Total Expected Activity J78 J78 1,100 2,300 5 4 12 B52 30 30 2 B52 2 2 J78 $ 7.50 $ 4.50 1,000 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 $ 44.00 $ 4.00 400
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 $9.00 per machine-hour $80.00 per setup $ 200.00 per order $ 190.00 per shipment $9.00 per direct labor-hour Cost and activity data have been supplied for the following products: Machine setups. Production orders Shipments General factory Direct materials cost per unit Direct labor cost per unit. Number of units produced per year Direct labor-hours Activity Rates $ 8.00 per direct labor-hour Machine-hours Machine setups Production orders. Shipments Unit product cost Total Expected Activity J78 J78 1,100 2,300 5 4 12 B52 30 30 2 B52 2 2 J78 $ 7.50 $ 4.50 1,000 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to 2 decimal places.) B52 $ 44.00 $ 4.00 400
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