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: Direct...

90.2K

Verified Solution

Question

Accounting

image
image
image
Fogerty Company makes two products--titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor- Hours per Annual Unit Production 8.88 12,eee units 8.40 56,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $32 in direct materials per unit, and Sprockets require $11. b. The direct labor wage rate is $20 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets d. The ABC system has the following activity cost pools: Activity Estimated Overhead Cost $ 20,160 $140,000 $323,200 Hubs 80 Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Sprockets Total 64 144 4, eee NA NA 4, NA 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, Required 1 Required 2 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.) Hubs Sprockets 32.00 s 11.00 16.00 8.00 Direct materials Direct labor Overhead Unit cost $ 48.00 $ 19.00

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

Describe the factors that effect enzymatic rate. Include graphs in your explanations.

Biology
Q

Brief explanation for two stage amplifier I want a DC & AC analysis. (use 2N3904...

Electrical Engineering
Q

A solar cell fabricated with a p-n junction has an open circuit voltage of 0.6V and a...

Electrical Engineering
Q

Petroleum geologist Glen Penfield was looking for gravity and magnetic anomalies in the Gulf of...

Biology
Q

Structure fits function is a common phrase used in biology. Describe how the structure of...

Biology
Q

Who is responsible for debts of a corporation O common shareholders O the corporation itself...

Biology
Q

A current loop consist of two identical semi circular parts each of radius R one...

Physics
Q

Write an exponential function y= ab? whose graph passes through (1, 3) and (3, 75).a...

Basic Math
Q

nvigor Natural Snacks is contemplating an expansion. The finance manager is looking at buying a...

Accounting
Q

The kind of debts which are needed to be repaid in a short term is...

Accounting
Q

The Indigo Company issued 500,$1,000,8%,10-year bonds on January 1, 2022 , at 96. Interest is...

Accounting
Q

You see the following quotes: St = C$1.2125/$, Ft+6 = C$1.2100/$, iC$ = 4%, and...

Finance