Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fogerty company makes two products, titanium hubs

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:...

50.1K

Verified Solution

Question

Accounting

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:

Direct Labor-Hours per Unit Annual Production
Hubs 0.60 25,000 units
Sprockets 0.20 52,000 units

Additional information about the company follows:
a.

Hubs require $23 in direct materials per unit, and Sprockets require $16.
b. The direct labor wage rate is $19 per hour.
c. Hubs are more complex to manufacture than Sprockets and they require special equipment.
d. The ABC system has the following activity cost pools:

image

Please show steps if you can! :)

Activity Estimated Overhead Cost Hubs Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Sprockets Tota S 25,740 S 95,000 S150,200 110 3,800 NA 198 3,800 NA NA Required: 1. Compute the activity rate for each activity cost pool Activity Cost Pool Activity Rate Machine setups Special processing per setup per MH 2. Determine the unit product cost of each product according to the ABC system. (Round intermediate calculations and final answers to 2 decimal places.) Hubs Sprockets Direct materials Direct labor Overhead Unit cost

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Where can you find diking material hazardous waste bags absorbent pads and other useful materials...

Biology
Q

Plot the ordered pair (5,5). State in which quadrant or on which axis the point...

Algebra
Q

A professor takes a random sample of 25 students and administers a test with questions increasing...

Statistics
Q

Exercise 1 6 Find a b and c so that the system x ay cz...

Basic Math
Q

Owen's math teacher finds that there's roughly a linear relationship between theamount of time students...

Basic Math
Q

Assuming the population has a bell-shaped distribution, if a sample size n 12 has a...

Basic Math
Q

In the triangle below x 8 Use the Law of Cosines to solve the triangle...

Calculus
Q

The rectangular area of the new school courtyard is represented by the expression 4c 36...

Algebra
Q

PlZ give brief introduction about each answer t

Accounting
Q

Murdstone Co TAL... TAL... You've just been accountant the undone Controle dos Servo Motory. There...

Accounting
Q

APCO Company manufactures various lines of bicycles. Because of the high volume of each line,...

Accounting
Q

Identify and discuss the common systems for approving vendor payments.

Accounting