Required information Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Setup Quality control Estimated Total Cost Estimated Cost Driver $ 699,600 22,000 machine hours 108,120 530 batches 168,560 980 inspections equired: Compute the activity rates for each of the following activity pools. lote: Round your answers to 2 decimal places. Machining Setup Quality Control per Machine Hour per Batch per Inspection

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information
Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate
product cost.
Activity Pools
Machining
Setup
Quality control
Estimated
Total Cost
Estimated Cost Driver
$ 699,600 22,000 machine hours
108,120
530 batches
168,560
980 inspections
Required:
Compute the activity rates for each of the following activity pools.
Note: Round your answers to 2 decimal places.
Machining
Setup
Quality Control
per Machine Hour
per Batch
per Inspection
Transcribed Image Text:Required information Lakeside Incorporated manufactures four lines of remote control boats and uses activity-based costing to calculate product cost. Activity Pools Machining Setup Quality control Estimated Total Cost Estimated Cost Driver $ 699,600 22,000 machine hours 108,120 530 batches 168,560 980 inspections Required: Compute the activity rates for each of the following activity pools. Note: Round your answers to 2 decimal places. Machining Setup Quality Control per Machine Hour per Batch per Inspection
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