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Lynwood, Incorporated, produces two products (Product A and Product X) using two activities: Machining, which...

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Accounting

Lynwood, Incorporated, produces two products (Product A and Product X) using two activities: Machining, which uses machine hours as a the cost driver, and Inspection, which uses the number of batches as the cost driver. The activity rate for Machining is $180 per machine hour, and the activity rate for Inspection is $520 per batch. The products have the following activity demands:

Product A Product X Total
Machine hours 1,300 3,900 5,200
Number of batches 55 24 79

What is the amount of Machining cost assigned to Product A?

Multiple Choice

$702,000

$676,000

$28,600

$234,000

Answer & Explanation Solved by verified expert
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