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Fogerty company makes two products titanium hubs and

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Reference no: EM13580831

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products follow:


 Direct
Labor-Hours
per Unit		 Annual
Production
Hubs 0.90 25,000 units
Sprockets 0.50 49,000 units
Additional information about the company follows:
a. Hubs require $26 in direct materials per unit, and Sprockets require $17.
b. The direct labor wage rate is $19 per hour.
c. Hubs are more complex to manufacture than Sprockets and they require special processing.
d. The ABC system has the following activity cost pools:


Estimated
Overhead		 Activity
Activity Cost Pool Activity Measure Cost Hubs Sprockets Total
Machine setups Number of setups $ 17,100
95
76
171
Special processing Machine-hours $ 132,000
4,400
0
4,400
General factory Direct labor-hours $ 423,000
22,500
24,500
47,000
Requirement 1:
Compute the activity rate for each activity cost pool.
Activity Cost Pool Activity Rate
Machine setups $ per setup
Special processing $ per MH
General factory $ per DLH
Requirement 2:

Determine the unit cost of each product according to the ABC system, including direct materials and direct labor. 

Hubs Sprockets
Direct materials $      $     
Direct labor          
Overhead          
Unit cost

$     

$     

Reference no: EM13580831

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