Get real inc recently switched to activity-based costing

Assignment Help Accounting Basics

Reference no: EM13592552

Get Real Inc., recently switched to activity-based costing from the department allocation method. The Fabrication Department manager has estimated the following cost drivers and rates:

Activity center cost drivers rate per cost driver unit
material handling pounds of material handled $25.20 per pound
quality inspections # of inspections $315 per inspection
machine setups # of machine setups $3,780 per setup
running machines #of machine hours $31.50 per hour

Direct materials of $420,000 were put into production during July, and direct labor costs were $210,000. The Fabrication Department handled 5,250 pounds of materials, made 1,050 inspections, had 56 setups, and ran the machines for 21,000 hours during the month.

Required: Prepare a schedule of the costs applied to work-in-process for July:

Reference no: EM13592552

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