Calculate the consumption ratios for each activity

Assignment Help Financial Accounting

Reference no: EM13939009

Activity-Based Rates

Gee Company produces two types of stereo units: deluxe and regular. Activity data follow:

	Product-Costing Data
Activity Usage Measures	Deluxe	Regular Total
Units produced per year	5,000	50,000	55,000
Prime costs	$39,000	$369,000	$408,000
Direct labor hours	5,000	45,000	50,000
Machine hours	10,000	90,000	100,000
Production runs	10	5	15
Number of moves	120	60	180

Activity Cost Data (Overhead Activities)
Activity	Cost
Setups	$ 60,000
Material handling	30,000
Power	50,000
Testing	40,000
Total	$180,000

Required:

1. Calculate the consumption ratios for each activity.

2. Group activities based on the consumption ratios.

3. Calculate a rate for each pooled group of activities.

4. Using the pool rates, calculate unit product costs.

Reference no: EM13939009

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