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Exercise 17-15(Static) Computing activity rates, overhead allocation, and cost per unit LO P3 Lucern...

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Accounting

Exercise 17-15(Static) Computing activity rates, overhead allocation, and cost per unit LO P3
Lucern Company reports the following for its overhead cost for the year.
Activity Budgeted Cost Budgeted Activity Usage
Engineering support $ 24,50070 design changes
Electricity 34,0003,400 machine hours
Setup 52,500350 setups
Compute the activity rate for each activity using activity-based costing.
The companys Pro model used these activities to produce 1,200 units during the year: 2 design changes, 140 machine hours, and 12 setups. Allocate overhead cost to the Pro model and compute its overhead cost per unit using activity-based costing.

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