Socrates Products, Inc. manufactures and sells two products: Product R2 and Product R9. The company uses an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Cost Activity Measures DLHs Activity Pools Labor-related Estimated Cost ($) Overhead Expected Activity $162,720 R2: 8,200 R9: 4,600 Total: 12,800 Production orders Orders $46,500 R2: 1,900 Total: 4,500 R9: 2,600 Order size MHs $158,400 R2: Total: 14,200 6,500 R9: 7,700 Total $367,620 Overhead = The activity rate for the Order Size activity cost pool under activity-based costing is: A. $12.04 per MH B. $11.15 per MH C. $10.30 per MH D. $13.50 per MH

Socrates Products, Inc. manufactures and sells two products: Product R2 and Product R9. The company uses an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Cost Activity Measures DLHs Activity Pools Labor-related Estimated Cost ($) Overhead Expected Activity $162,720 R2: 8,200 R9: 4,600 Total: 12,800 Production orders Orders $46,500 R2: 1,900 Total: 4,500 R9: 2,600 Order size MHs $158,400 R2: Total: 14,200 6,500 R9: 7,700 Total $367,620 Overhead = The activity rate for the Order Size activity cost pool under activity-based costing is: A. $12.04 per MH B. $11.15 per MH C. $10.30 per MH D. $13.50 per MH

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 10EA: Customs has three cost pools and an associated cost driver to allocate the costs to the product. The...

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