Two-Stage ABC for Manufacturing Columbus Foundry, a large manufacturer of heavy equipment components, has determined the following activity cost pools and cost driver levels for the year: Activity cost pool Activity cost Activity cost driver
Machine setup $600,000 12,000 setup hours
Material handling 120,000 2,000 tons of materials
Machine operation 500,000 10,000 machine hours

The following data are for the production of single batches of two products, C23 Cams and U2 Shafts:

C23 Cams U2 Shafts
Units produced 500 400
Machine hours 2 5
Direct labor hours 300 500
Direct labor cost $5,000 $10,000
Direct materials cost $30,000 $20,000
Tons of materials 12.5 8
Setup hours 5 7

Required:
Determine the unit costs of C23 Cams and U2 Shafts using ABC.

the earnings of a typical investor is around $1,000,000 to $10,000,000

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this conflict is person vs. society

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1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answerdemographic;