Chipman Inc Produces Water Pumps Overhead Costs Have Been Identified As Follows Activity Pool Material Handling Mater 1 (45.6 KiB) Viewed 9 times
Chipman Inc Produces Water Pumps Overhead Costs Have Been Identified As Follows Activity Pool Material Handling Mater 2 (21.48 KiB) Viewed 9 times
Chipman Inc Produces Water Pumps Overhead Costs Have Been Identified As Follows Activity Pool Material Handling Mater 3 (10.78 KiB) Viewed 9 times
Chipman Inc. produces water pumps. Overhead costs have been identified as follows: Activity Pool Material handling Material maintenance Setups Activity Driver Number of moves Number of machine hours Number of production runs Cost $ 63,495.00 $108,300.00 $ 74,820.00 Units produced Number of moves Machine hours Production runs Chipman makes 3 models of pumps with the following details: Economy Standard Premium 10,190 21,100 3.535 131 170 20.300 6,100 15 30 Activity 415 36,100 60 114 9,700 15
Required: a. Calculate the activity rate for each activity (Round your answers to 2 decimal places.) Activity Rate: Activity Pool Material Handling Material Maintenance. Setups
b. Determine the amount of indirect costs assigned to each of the products (Do not round your intermediate calculations. Round your answers to 2 decimal places) Models Economy Standard Premium Cost
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