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Joshua, Inc. uses activity-based costing. The company produces two products, 001 and 002. Information relating...

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Accounting

Joshua, Inc. uses activity-based costing. The company produces two products, 001 and 002. Information relating to the two products is as follows:

001

002

Units produced

19,000

25,000

Machine-hours

7,500

8,500

Direct labor-hours

8,000

12,000

Materials handling (number of moves)

4,000

6,000

Setups

5,000

7,000

The following costs for the year are reported:

Materials handling $160,000 Labor-related overhead 480,000 Setups 300,000

Based on the above information, Material Handling costs assigned to Product 001 for the year are:

Group of answer choices

$96,000

$64,000

$80,000

$160,000

None of these numbers is correct.

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