Please do not give solution in image format thanku Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow:Direct Labor-Hoursper UnitHubsSprocketsAdditional information about the company follows:0.600.20a. Hubs require $38 in direct materials per unit, and Sprockets require $18.b. The direct labor wage rate is $16 per hour.c. Hubs require special equipment and are more complex to manufacture than Sprockets.d. The ABC system has the following activity cost pools:Annual Production14,000 units41,000 unitsActivity Cost Pool (Activity Measure)Machine setups (number of setups)Special processing (machine-hours)General factory (organization-sustaining)Direct materialsDirect laborOverheadUnit costComplete this question by entering your answers in the tabs below.$Required:1. Compute the activity rate for each activity cost pool.2. Determine the unit product cost of each product according to the ABC system.Estimated OverheadCost$ 29,250$ 135,000$ 164,2000.00 $Hubs0.001254,500NARequired 1 Required 2Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Roundyour answers to 2 decimal places.)Hubs SprocketsActivitySprockets1000NATotal2254,500NA Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow:Direct Labor-Hoursper Unit0.600.20HubsSprocketsAdditional information about the company follows:Annual Production14,000 units41,000 unitsa. Hubs require $38 in direct materials per unit, and Sprockets require $18.b. The direct labor wage rate is $16 per hour.c. Hubs require special equipment and are more complex to manufacture than Sprockets.d. The ABC system has the following activity cost pools:Activity Cost Pool (Activity Measure)Machine setups (number of setups)Special processing (machine-hours)General factory (organization-sustaining)Estimated OverheadRequired 1Required 2Compute the activity rate for each activity cost pool.Activity Cost PoolActivity RateMachine setups130 per setupSpecial processing30 per MH$$Cost$ 29,250$ 135,000$ 164,200Complete this question by entering your answers in the tabs below.Required:1. Compute the activity rate for each activity cost pool.2. Determine the unit product cost of each product according to the ABC system.Hubs1254,500NAActivitySprockets1000ΝΑTotal2254,500NA

The overhead is applied to the production on the basis of pre-determined overhead rate. The units…

Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two pre Direct Labor-Hours per Unit 0.60 0.20 Annual Production 14,000 units 41,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $38 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $16 per hour. d. c. Hubs require special equipment and are more complex to manufacture than Sprockets. The ABC system has the following activity cost pools: Estimated Overhead Activity ferockets Total

Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two pre Direct Labor-Hours per Unit 0.60 0.20 Annual Production 14,000 units 41,000 units Hubs Sprockets Additional information about the company follows: a. Hubs require $38 in direct materials per unit, and Sprockets require $18. b. The direct labor wage rate is $16 per hour. d. c. Hubs require special equipment and are more complex to manufacture than Sprockets. The ABC system has the following activity cost pools: Estimated Overhead Activity ferockets Total

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 9PA: Carltons Kitchens makes two types of pasta makers: Strands and Shapes. The company expects to...

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