VITELL Labur-πUUrs per Unit Hubs Sprockets Additional information about the company follows: 0.60 0.20 a. Hubs require $27 in direct materials per unit, and Sprockets require $16. b. The direct labor wage rate is $17 per hour. Annual Production 20,000 units 60,000 units c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Required 1. Required 2 Direct materials Direct labor Overhead Complete this question by entering your answers in the tabs below. Estimated Overhead Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Hubs Cost $24,795 $164,500 $ 144,000 Sprockets Hubs 145 4,700 ΝΑ Activity Sprockets 116 0 ΝΑ Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Total 261 4,700 ΝΑ

VITELL Labur-πUUrs per Unit Hubs Sprockets Additional information about the company follows: 0.60 0.20 a. Hubs require $27 in direct materials per unit, and Sprockets require $16. b. The direct labor wage rate is $17 per hour. Annual Production 20,000 units 60,000 units c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Required 1. Required 2 Direct materials Direct labor Overhead Complete this question by entering your answers in the tabs below. Estimated Overhead Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Hubs Cost $24,795 $164,500 $ 144,000 Sprockets Hubs 145 4,700 ΝΑ Activity Sprockets 116 0 ΝΑ Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Total 261 4,700 ΝΑ

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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