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Scholfield Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that activity-based costing system are listed below: Activity Cost Pool Supporting assembly Processing batches Processing orders Serving customers Multiple Choice $2.98410 Activity Measure Direct labor-hours (DLHS) Number of batches. Number of orders Number of customers $10.725.00 Activity Rate The cost of serving customers, $1,191.00 per customer, is the cost of serving a customer for one year Latif Corporation buys only one of the company's products which Scholfield Enterprises sells for $15.60 per unit. Last year Latif Corporation ordered a total of 1,100 units of this product in 2 orders. To fill the orders, 7 batches were required. The direct materials cost is $7.85 per unit and the direct labor cost is $1.90 per unit. Each unit requires 0.10 direct labor-hours. According to the activity-based costing system, the total overhead cost for this customer this past year was closest to $ 6.55 per DLH $ 138.20 per batch $ 52.60 per order s 1,191.00 per customeri

Scholfield Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that activity-based costing system are listed below: Activity Cost Pool Supporting assembly Processing batches Processing orders Serving customers Multiple Choice $2.98410 Activity Measure Direct labor-hours (DLHS) Number of batches. Number of orders Number of customers $10.725.00 Activity Rate The cost of serving customers, $1,191.00 per customer, is the cost of serving a customer for one year Latif Corporation buys only one of the company's products which Scholfield Enterprises sells for $15.60 per unit. Last year Latif Corporation ordered a total of 1,100 units of this product in 2 orders. To fill the orders, 7 batches were required. The direct materials cost is $7.85 per unit and the direct labor cost is $1.90 per unit. Each unit requires 0.10 direct labor-hours. According to the activity-based costing system, the total overhead cost for this customer this past year was closest to $ 6.55 per DLH $ 138.20 per batch $ 52.60 per order s 1,191.00 per customeri

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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Scholfield Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that activity-based costing system are listed below: Activity Cost Pool Supporting assembly Processing batches Processing orders Serving customers Multiple Choice $2.98410 Activity Measure Direct labor-hours (DLHS) Number of batches. Number of orders Number of customers $10.725.00 Activity Rate The cost of serving customers, $1,191.00 per customer, is the cost of serving a customer for one year Latif Corporation buys only one of the company's products which Scholfield Enterprises sells for $15.60 per unit. Last year Latif Corporation ordered a total of 1,100 units of this product in 2 orders. To fill the orders, 7 batches were required. The direct materials cost is $7.85 per unit and the direct labor cost is $1.90 per unit. Each unit requires 0.10 direct labor-hours. According to the activity-based costing system, the total overhead cost for this customer this past year was closest to $ 6.55 per DLH $ 138.20 per batch $ 52.60 per order s 1,191.00 per customeri
Transcribed Image Text:Scholfield Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that activity-based costing system are listed below: Activity Cost Pool Supporting assembly Processing batches Processing orders Serving customers Multiple Choice $2.98410 Activity Measure Direct labor-hours (DLHS) Number of batches. Number of orders Number of customers $10.725.00 Activity Rate The cost of serving customers, $1,191.00 per customer, is the cost of serving a customer for one year Latif Corporation buys only one of the company's products which Scholfield Enterprises sells for $15.60 per unit. Last year Latif Corporation ordered a total of 1,100 units of this product in 2 orders. To fill the orders, 7 batches were required. The direct materials cost is $7.85 per unit and the direct labor cost is $1.90 per unit. Each unit requires 0.10 direct labor-hours. According to the activity-based costing system, the total overhead cost for this customer this past year was closest to $ 6.55 per DLH $ 138.20 per batch $ 52.60 per order s 1,191.00 per customeri
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