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TB MC Qu. 7-151 (Algo) Mirabile Corporation uses activity-based ... Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing. Supervising, and Other. The costs in those activity cost pools appear below. Processing Supervising $ 4,500 $ 26,640 $ 11,700 other Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity pool are not assigned to products. Activity data appear below: Batches (Supervising) MHS (Processing) 9,500 Product MO 600 Product M5 500 600 Total 10,000 1,200 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product MO Product M5 Sales (total) Direct materials (total) Direct labor (total) $ 83,100 $ 29,800 $ 29,100 $ 96,400 $ 32,700 $ 43,000 What is the overhead cost assigned to Product M5 under activity-based costing?

TB MC Qu. 7-151 (Algo) Mirabile Corporation uses activity-based ... Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing. Supervising, and Other. The costs in those activity cost pools appear below. Processing Supervising $ 4,500 $ 26,640 $ 11,700 other Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity pool are not assigned to products. Activity data appear below: Batches (Supervising) MHS (Processing) 9,500 Product MO 600 Product M5 500 600 Total 10,000 1,200 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product MO Product M5 Sales (total) Direct materials (total) Direct labor (total) $ 83,100 $ 29,800 $ 29,100 $ 96,400 $ 32,700 $ 43,000 What is the overhead cost assigned to Product M5 under activity-based costing?

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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TB MC Qu. 7-151 (Algo) Mirabile Corporation uses activity-based ... Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing. Supervising, and Other. The costs in those activity cost pools appear below. Processing Supervising $ 4,500 $ 26,640 $ 11,700 Other Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activīty data appear below: Batches MHS (Processing) (Supervising) Product MO 9,500 600 Product M5 500 600 Total 10,000 1,200 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product MO Product M5 Sales (total) Direct materials (total) Direct labor (total) $ 83,100 $ 29,800 $ 29,100 $ 96,400 $ 32,700 $ 43,000 What is the overhead cost assigned to Product M5 under activity-based costing?
Transcribed Image Text:TB MC Qu. 7-151 (Algo) Mirabile Corporation uses activity-based ... Mirabile Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Processing. Supervising, and Other. The costs in those activity cost pools appear below. Processing Supervising $ 4,500 $ 26,640 $ 11,700 Other Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activīty data appear below: Batches MHS (Processing) (Supervising) Product MO 9,500 600 Product M5 500 600 Total 10,000 1,200 Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins. Product MO Product M5 Sales (total) Direct materials (total) Direct labor (total) $ 83,100 $ 29,800 $ 29,100 $ 96,400 $ 32,700 $ 43,000 What is the overhead cost assigned to Product M5 under activity-based costing?
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