TThomas, Inc uses activity-based costing. The company produces two products, 001 and 002. Information relating...
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TThomas, Inc uses activity-based costing. The company produces two products, 001 and 002. Information relating to the two products is as follows: Units produced, 001is 38,000. 002 is 50,000. Machine-hours, 001 is 15,000. 002 is 17,000. Direct labor-hours, 001 is 16,000. 002 is 24,000. Materials handling (number of moves), 001 is 8,000. 002 is 12,000. Setups, 001 is 10,000. 002 is 14,000. The following cost are reported: Materials handling, $320,000. Labor-related overhead, $960,000. Setups, $600,000.Setup costs assigned to 002 are?
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