Olmo, Incorporated, manufactures and sells two products: Product KO and Product H9. The annual production and sales of Product of KO is 1,200 units and of Product H9 is 1,200 units. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools. Labor-related Production orders Order size Activity Measures DLHS orders MHS Estimated Expected Activity Overhead Cost Product K0 Product H9 $ 549,708 52,719 835, 316 $ 1,437,743 9,600 1,300 3,100 4,800 200 3,900 Total 14,400 1,500 7,000 The overhead applied to each unit of Product H9 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.)

Olmo, Incorporated, manufactures and sells two products: Product KO and Product H9. The annual production and sales of Product of KO is 1,200 units and of Product H9 is 1,200 units. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools. Labor-related Production orders Order size Activity Measures DLHS orders MHS Estimated Expected Activity Overhead Cost Product K0 Product H9 $ 549,708 52,719 835, 316 $ 1,437,743 9,600 1,300 3,100 4,800 200 3,900 Total 14,400 1,500 7,000 The overhead applied to each unit of Product H9 under activity-based costing is closest to: (Round your intermediate calculations 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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