question archive 1)A company manufactures two products, chairs and tables
1)A company manufactures two products, chairs and tables
Subject:AccountingPrice: Bought3
1)A company manufactures two products, chairs and tables. Data
regarding the two product is as follows: Direct labor hours per unit Annual production Chairs 0.5 Hours 5,000 Units Tables 0.8 Hours 4,000 Units Chairs require $40.00 in direct materials per unit and tables require $50 per unit. The direct labor wage rate is $30 per hour. The activity-based costing system has the following activity cost pools: Activity cost pool Activity Measure Estimated overhead cost Activity Machine set ups Number of set ups $150,000 1,000 1,500 Special processing Machine hours $100,000 180 220 Compute the unit product cost for chairs rounded to the nearest cent. Compute the unit product cost for chairs rounded to the nearest cent.
