Gamble Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs,...
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Gamble Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: (Click the icon to view the activity costs and drivers.) The Job Cost Record for Job \#624 revealed that direct materials requisitioned for the job totaled $1,140. The Job Cost Record also showed that direct labor for this job totaled 6 hours at a wage rate of $20 per hour. Other data collected on the resources used by Job \#624 included: (Click the icon to view the other data.) Read the requirements. Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation rate to the nearest cent. Abbreviation Requirement 2. Calculate the total cost of Job \#624 (use an ABC costing system). Data table Get more help
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Gamble Products has adopted an ABC costing system. The following manufacturing activities, indirect manufacturing costs, and cost drivers have been identified: (Click the icon to view the activity costs and drivers.) The Job Cost Record for Job \#624 revealed that direct materials requisitioned for the job totaled $1,140. The Job Cost Record also showed that direct labor for this job totaled 6 hours at a wage rate of $20 per hour. Other data collected on the resources used by Job \#624 included: (Click the icon to view the other data.) Read the requirements. Requirement 1. Calculate the activity cost allocation rate for each of the five pools listed in the table. (Round the allocation rate to the nearest cent. Abbreviation Requirement 2. Calculate the total cost of Job \#624 (use an ABC costing system). Data table Get more help 