Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. goodwin co. manufactures two products: r and w. th

Goodwin Co. manufactures two products: R and W. The company uses activity-based costing to apply...

70.2K

Verified Solution

Question

Accounting

image
Goodwin Co. manufactures two products: R and W. The company uses activity-based costing to apply manufacturing overhead costs to products. The cost pools and related estimated overhead costs for 20x3 were as follows: Activity Cost Pool Activity measure Overhead cost Purchase orders Number of purchase orders $35,800 Assembly Number of direct labour hours 150,700 The expected activity measures for the manufacturing product R in 20x3 were: Cost Driver Product R Product W Purchase orders 230 428 Direct labour hours 4,940 7,370 During 20x3, Goodwin Co. produces 14,200 units of product R with a total product cost per unit of $46. The company's direct labour rate is $12/hour. What is the total direct materials cost used in the production of Product Rin 20x3? Your

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students