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Problem - The manufacturing division of an electronics company uses activity-based costing. The company has identified three activities and the related cost drivers for indirect production costs.
Cost Driver
Activity 1
Direct labor cost
Activity 2
Direct materials cost
Activity 3
Kilowatt hours
Three types of products are produced. Direct costs and cost-driver activity for each product for a month are as follows:
Product A
Product B
Product C
$125,000
$50,000
$75,000
$1,000
$3,000
$2,000
Direct labor hours
500
1,500
1,000
325,000
75,000
200,000
Indirect production costs for the month are as follows:
$18,000
25,000
60,000
Total
$103,000
Required - Compute the total Indirect Production Costs allocated to Product A.
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