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Computing Product Costs Using Activity-Based Costing. Ralston Company identified the following activities, estimated...

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Accounting

Computing Product Costs Using Activity-Based Costing. Ralston Company identified the following activities, estimated costs for each activity, and identified cost drivers for each activity for this coming year. (These are the first three steps of activity-based costing.)
Activity
Production setup
Materials handling
Quality control
Total
Estimated Annual Overhead Costs
Estimated Annual
Cost Driver Activity
100 production runs
10,000 yards purchased
800 inspections
The company produces two products, MX1 and MX2. Information about these products for the month of July follows:
Direct materials cost per unit
Direct labor cost per unit
Overhead cost per unit
Product cost per unit
Units produced
Number of production runs
Yards of material purchased
Number of inspections
\table[[,M1,MX2],[Direct materials cost per unit,$,20,$,30],[Direct labor cost per unit,,15,,45],[Overhead cost per unit,,?,,?
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