Chapter-Quiz 3 (Cumulative) Savec Help Save & Exit Submit h Corporation has prov

Question

Chapter-Quiz 3 (Cumulative) Savec Help Save & Exit Submit h Corporation has provided the following data from its activity-based costing system 29 ? l Activity Cost Pool Total Cost Total Activity $1,598,350 65, 000 machine-houre Assembly Processing orders$52,753 1,840 orders inspection- 02-1207nspection s 136,818 1,980 hours The company makes 840 units of product W26B a year, requiring a t per unit and its direct labor cost is $1767 per unit. The product sells for $134.20 per unit. hine-hours, 43 orders, and 32 inspection-hours per year. The product's direct materials cost is $49.59 According to the activity-based costing system, the product margin for product w26B is: (Round your intermediate calculations and final arn Multiple Choice $7051.50 $56,22960 $5,818.69 $8,02989

Explanation / Answer

29) Sales value (840*134.20)= 112728 less: Direct materials 41655.6 direct labor 14842.8 overhead applied Assembly (1598350/65000)*1910= 46966.9 procc orders (52753/1840)*43= 1232.815 inspection (136818/1980)*32= 2211.2 106909.3 profit margin 5818.69 answer order other 30) Machining filling Equipment Depreciation 54600 27300 9100 Supervisory Expense 7380 2460 2460 Total 61980 29760 11560 product margin of W1 Sales revenue 73,000 less: direct materials 30,800 Direct labor 16,600 overhead applied Machining (61980/27850)*6050= 13464.24 order filling (29760/1197)*198= 4922.707 65,786.94 profit margin 7,213.06 answer 31) materials Quantity variance (actual qty used - standard qty allowed)*standard rate (19,900 - 2800*6.9)*1.40 812 U answer

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