Business, 23.07.2020 19:01 anna4060

Garfield Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity Budgeted Activity Cost Activity Base Casting $282,600 Machine hours Assembly 150,360 Direct labor hours Inspecting 20,790 Number of inspections Setup 52,150 Number of setups Materials handling 42,770 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Activity Base Entry Dining Total Machine hours 4,990 4,430 9,420 Direct labor hours 4,300 6,440 10,740 Number of inspections 1,440 450 1,890 Number of setups 280 70 350 Number of loads 720 190 910 Units produced 10,000 5,000 15,000 a. Determine the activity rate for each activity. If required, round the rate to the nearest dollar.

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Answer from: Tinker2019

Casting = $ 30 per machine hour

Assembly = $ 14 per labor hour

Inspecting = $ 11 per inspection

Setup = $ 149 per setup

Materials handling = $ 47per load

Explanation:

Garfield Inc. Manufacturers

Activity Budgeted Activity Cost Activity Base

Casting $282,600 Machine hours

Assembly 150,360 Direct labor hours

Inspecting 20,790 Number of inspections

Setup 52,150 Number of setups

Materials handling 42,770 Number of loads

Activity Base Entry Dining Total

Machine hours 4,990 4,430 9,420

Direct labor hours 4,300 6,440 10,740

Number of inspections 1,440 450 1,890

Number of setups 280 70 350

Number of loads 720 190 910

Units produced 10,000 5,000 15,000

Activity Budgeted Activity Cost Activity Rate

Casting $282,600 $282,600/9420= $ 30 per machine hour

Assembly 150,360 150,360 / 10,740 = $ 14 per labor hour

Inspecting 20,790 20,790/1890= $ 11 per inspection

Setup 52,150 52,150 /350= $ 149 per setup

Materials handling 42,770 42,770/910= $ 47per load

The formula for Activity rate = Activity Cost/ Activity Base Cost

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Garfield Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manu...

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