Problemthe jeremiah johnson fur company has provided the, Ask an Expert

Accounting

Problem:

The Jeremiah Johnson Fur Company has provided the following data from its activity-based costing system:

Activity Cost Pool	Total Cost	Total Activty
Assembly	$ 436,240	28,000 machine-hours
Processing Orders	$ 60,896	1,600 orders
inspection	$ 82,767	1,410 inspection-hours

The company makes 230 units of product F60N a year, requiring a total of 480 machine-hours, 50 orders and 30 inspection-hours per year. The product´s direct materials cost is $ 12.70 per unit and its direct labor cost is $ 45.93 per unit. The product sells for $ 126.60 per unit.

Required:

Question: Using the activity-based costing system, what is the product margin for product F60N?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166822

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