Chapter C, Problem 7E

You are the manager in a market composed eight firms, As a 10% market share. In addition, each firm has a strong financial position and is located within 100 mile radius of its competitors.

A company provides the following data from its activity- based costing system: • Designing products: Total cost = $420,000, Total activity 7,000 product design hours = • Setting up batches: Total cost = $60,000, Total activity 8,000 batch set-ups • Assembling products: Total cost = $30,000, Total activity 5,000 assembly hours What is the activity rate for the "designing products" activity cost pool?

What is the interest expense for the year ending December 31 2022 on these financial accounting question?