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Units produced Direct labor hours (total) Number of setups Number of shipments Number of inspections Overhead information includes > Setups Shipping ? Quality 3 Total $ $ Model X 35,000 40,000 120 55 50 Cost 310,000 280,000 800,000 1,390,000 Model Y 75,000 20,000 180 50 150 Model Z 125,000 40,000 Driver number of setups number of shipments number of inspections 350 45 100

Units produced Direct labor hours (total) Number of setups Number of shipments Number of inspections Overhead information includes > Setups Shipping ? Quality 3 Total $ $ Model X 35,000 40,000 120 55 50 Cost 310,000 280,000 800,000 1,390,000 Model Y 75,000 20,000 180 50 150 Model Z 125,000 40,000 Driver number of setups number of shipments number of inspections 350 45 100

FINANCIAL ACCOUNTING
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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Red River Company produces three products with the following production and cost information: Units produced Direct labor hours (total) Number of setups Number of shipments Number of inspections Overhead information includes > Setups Shipping ? Quality 3 Total $ Model X 35,000 40,000 Cost 120 55 50 310,000 280,000 800,000 $ 1,390,000 Model Y 75,000 20,000 180 50 150 Model Z 125,000 40,000 350 45 100 Driver number of setups number of shipments number of inspections Required: Determine the amount of overhead that would be assigned to each unit of all three products using activity-based costing.
Transcribed Image Text:Red River Company produces three products with the following production and cost information: Units produced Direct labor hours (total) Number of setups Number of shipments Number of inspections Overhead information includes > Setups Shipping ? Quality 3 Total $ Model X 35,000 40,000 Cost 120 55 50 310,000 280,000 800,000 $ 1,390,000 Model Y 75,000 20,000 180 50 150 Model Z 125,000 40,000 350 45 100 Driver number of setups number of shipments number of inspections Required: Determine the amount of overhead that would be assigned to each unit of all three products using activity-based costing.
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