Use the following information for Cornerstone Exercises 7-29 and 7-30: Zapato Company produces two...

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Accounting

Use the following information for Cornerstone Exercises 7-29 and 7-30:
Zapato Company produces two types of boots: cowboy and cowgirl. There are four activities
associated with the two products. Drivers for the four activities are as follows:
Cornerstone Exercise 7-29 Consumption Ratios
Refer to the information for Zapato Company above.
Required:
Calculate the consumption ratios for the four drivers.
Is there evidence of product diversity? Explain.
Cornerstone Exercise 7-30 Activity Rates
Refer to the information for Zapato Company above. The following activity data have been
CORNERSTONE 7-2
collected:
Required:
Calculate the activity rates that would be used to assign costs to each product.
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