Pinnocle Corporation has provided the following data from its activity-based costing system:
Activity Cost Pool | Total Cost | Total Activity | |||
Assembly | $ | 1,384,600 | 70,000 | machine-hours | |
Processing orders | $ | 48,006 | 1,800 | orders | |
Inspection | $ | 127,917 | 1,830 | inspection-hours | |
The company makes 500 units of product S78N a year, requiring a total of 750 machine-hours, 40 orders, and 10 inspection-hours per year. The product's direct materials cost is $50.69 per unit and its direct labor cost is $12.78 per unit. The product sells for $116.20 per unit.
According to the activity-based costing system, the product margin for product S78N is:
Multiple Choice
$26,365.00.
$10,831.00.
$10,463.20.
$9,764.20.
Direct material cost = 500 X $50.69 = $25,345
Direct labor cost = 500 X $12.78 = $6,390
Assembly cost = ($1,384,600 / 70,000) X 750 = $14,835
Processing order costs = ($48,006 / 1,800) X 40 = $1,066.8
Inspection costs = ($127,917 / 1,830) X 10 = $699
Total cost = $48,335.8
Total sales = 500 X $116.20 = $58,100
Product margin = $9,764.2
4th option
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