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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 General factory 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 $7.00 per machine-hour $30.00 per setup $200.00 per order. $140.00 per shipment $7.00 per direct labor-hour Unit product cost Total Expected Activity J78 378 1,200 2,200 6 5 7 B52 30 50 1 1 1 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to a decimal places.) B52 378 $5.50 $4.75 4,000 B52 $ 32.00 $9.00 100

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 Machine setups Production orders Shipments General factory 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 $7.00 per machine-hour $30.00 per setup $200.00 per order. $140.00 per shipment $7.00 per direct labor-hour Unit product cost Total Expected Activity J78 378 1,200 2,200 6 5 7 B52 30 50 1 1 1 Required: Compute the unit product cost of each product listed above. (Do not round intermediate calculations. Round your answers to a decimal places.) B52 378 $5.50 $4.75 4,000 B52 $ 32.00 $9.00 100

FINANCIAL ACCOUNTING
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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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 $140.00 per shipment General factory $ 7.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct labor-hours Direct materials cost per unit Direct labor cost per unit Number of units produced per year Machine-hours Machine setups Production orders Shipments Activity Rates $7.00 per direct labor-hour $7.00 per machine-hour $30.00 per setup $ 200.00 per order Unit product cost Total Expected Activity J78 378 1,200. 2,200 6 5 7 B52 30 50 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 $ 5.50 $ 4.75 4,000 B52 $ 32.00 $9.00 100
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 $140.00 per shipment General factory $ 7.00 per direct labor-hour Cost and activity data have been supplied for the following products: Direct labor-hours Direct materials cost per unit Direct labor cost per unit Number of units produced per year Machine-hours Machine setups Production orders Shipments Activity Rates $7.00 per direct labor-hour $7.00 per machine-hour $30.00 per setup $ 200.00 per order Unit product cost Total Expected Activity J78 378 1,200. 2,200 6 5 7 B52 30 50 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 $ 5.50 $ 4.75 4,000 B52 $ 32.00 $9.00 100
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