The following table presents the activities and activity drivers that LampPlus uses in manufacturing Product 1 and Product 2. Completethe table:ActivityDesignPreparationMachiningFinishingInspectionPackagingShippingCostActivity Driver$ 39,060 Design time$ 67,650 Labor hours105,200 Machine hours$BatchesUnitsOrders$ 12,720 PackagesDriver UsageProd. 18403,13020976Prod. 21,330 hourshours30056Activity Rate$$$$/hour/hour20 /hour50 /batch17 /unit302 /order/packageActivityCost:Prod. 1$$$$34,43031,200ActivityCost:Prod. 29,690 $12,986$19,7203,600

Cost allocation is used in analyzing or identifying the process to assign the cost to people, and…

The following table presents the activities and activity drivers that LampPlus uses in manufacturing Product 1 and Product 2. Complete the table: Activity Cost Activity Driver Design $ 39,060 Design time Preparation $ 67,650 Labor hours Machining $ 105,200 Machine hours Finishing Batches Inspection Packaging Shipping Units Orders $ 12,720 Packages Driver Usage Prod. 1 840 3,130 209 76 Prod. 2 1,330 hours hours 300 56 Activity Rate $ $ $ $ /hour /hour 20 /hour 50 /batch 17 /unit 302 /order /package Activity Cost:Prod. 1 $ $ $ $ 34,430 31,200 Activity Cost:Prod. 2 9,690 $ 12,986 $ 19,720 3,600

The following table presents the activities and activity drivers that LampPlus uses in manufacturing Product 1 and Product 2. Complete the table: Activity Cost Activity Driver Design $ 39,060 Design time Preparation $ 67,650 Labor hours Machining $ 105,200 Machine hours Finishing Batches Inspection Packaging Shipping Units Orders $ 12,720 Packages Driver Usage Prod. 1 840 3,130 209 76 Prod. 2 1,330 hours hours 300 56 Activity Rate $ $ $ $ /hour /hour 20 /hour 50 /batch 17 /unit 302 /order /package Activity Cost:Prod. 1 $ $ $ $ 34,430 31,200 Activity Cost:Prod. 2 9,690 $ 12,986 $ 19,720 3,600

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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