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Problem 4-12(Algo) Contrasting ABC and Conventional Product Cost [LO4-2, LO4-3, LO4-4] Precision Manufacturing...

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Accounting

Problem 4-12(Algo) Contrasting ABC and Conventional Product Cost [LO4-2, LO4-3, LO4-4]
Precision Manufacturing Incorporated (PMI) makes two types of industrial component parts-the EX300 and the TX500. It annually produces 61,000 units of EX300 and 12,600 units of TX500. The company's conventional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below:
\table[[,EX300,TX500,Total],[Direct materials,$367,325,$163,550,$530,875
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