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What the average cost of product is closest to

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Reference no: EM132655834

Vanguard Corporation has provided the following data from its activity-based costing system:

Activity                  cost Pool       Total Cost          Total Activity
Assembly              $1,095,000     75,000            machine-hours
Processing orders   81,375          1,750                orders
Inspection           126,914            1,780           inspection-hours

The company makes 410 units of product O37W a year, requiring a total of 640 machine-hours, 30 orders, and 15 inspection-hours per year. The product's direct materials cost is $37.00 per unit and its direct labor cost is $30.10 per unit.

Problem 1: According to the activity-based costing system, the average cost of product O37W is closest to:

Reference no: EM132655834

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