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Chapter 5 - Activity Based Costing In-class Exercise/Homework Hammer o products, based on direct labor...

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Accounting

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Chapter 5 - Activity Based Costing In-class Exercise/Homework Hammer o products, based on direct labor hours. The total factory overhead cost is as follows: Factory Overhead 1,225,000 Production (factory overhead only)...175.000 The company determined that it performed four major activities in the Production Support Department. These activities, aloeg with thirbudgeted activity costs, are as follows: Support Actlvities Setup Production control Quality control. Materials management Budgeted Activity Cost 428750 183,750 25000 Total Hammer estimated the following activity base usage and units produced for each of its three products Number of Direct Material Products Labor Hrs. Setups *...10000 2.000 35 320 Tablet. 140.000 Total cost _ 1. Determine the factory overhead cost per unit for the LCD TV, tablet, and smart under the single plantwide factory overbead rate method. Use direct labor hours the activity base. Determine the factory overhead cost per unit for the LCD TV, tablet, and smart phon under activity-based costing. Round to two decimal places 2. 3. Which method provides more accurate product costing? Why

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