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Library Resources Company uses activity-based costing. The company produces soft and hard-cover books. The estimated costs and expected activity for each of the activity pools follow:

Activity	Estimated	Expected Activity
Cost Pool	Cost	Hard-Cover	Soft-Cover	Total
Activity 1	$15,675	800	300	1,100
Activity 2	$11,900	500	200	700
Activity 3	$36,000	800	400	1,200

To which of the following is the rate for activity 3 that will used to apply costs to Soft-cover books closest?

a) $90.00

b) $12,000

c) $30.00

d) Not enough information is provided.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9793185

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