XYZ Co. produces two different products (Product Y and Product Z) using two different activities:Machining, which uses machine hours as an activity driver, and Inspection, which uses number ofbatches as an activity driver. The cost of Machining is $500,000, while the cost of Inspection is $30,00Product Y uses 20% of total machine hours and 75% of total batches. What is the total Machining costassigned to Product Y?O a.None of the given answer is correct.O b. $100,000O c.$375,000O d. $7,500O e. $22,500NEXT PAGEPOREscFtockF1F2F4FBF6F7F8F9F102324%&3.6.7V8ISCF 1G HKL.3CV B y NiM

Given information cost of machining = $500,000 Product Y uses 20% of total machine hours Under…

XYZ Co. produces two different products (Product Y and Product Z) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $500,000, while the cost of Inspection is $30,00m Product Y uses 20% of total machine hours and 75% of total batches. What is the total Machining cost assigned to Product Y? O a. None of the given answer is correct. O b. $100,000 Oc. $375,000 O d. $7,500 $22,500

XYZ Co. produces two different products (Product Y and Product Z) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $500,000, while the cost of Inspection is $30,00m Product Y uses 20% of total machine hours and 75% of total batches. What is the total Machining cost assigned to Product Y? O a. None of the given answer is correct. O b. $100,000 Oc. $375,000 O d. $7,500 $22,500

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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