Sparks Company produces and distributes two types of garden sculptures, Plain and Fancy.Budgeted cost and activity for each of its three activity cost pools are shown below.The company plans to produce and sell 64,000 plain units and 49,150 fancy units.
a.Compute the approximate overhead cost per unit of Plain under activity-based costing.
b.Compute the approximate overhead cost per unit of Fancy under activity-based costing.
Definitions:
Return
The process of bringing back a purchased product to the seller or store, often for a refund or exchange.
Monopoly Firm
A company that is the sole provider of a product or service in a market, resulting in a lack of competition.
Price Maker
A market participant with the power to influence the price of a good or service by altering its supply, demand, or both.
Downward Sloping
Refers to a graph line that shows a decrease in price leading to an increase in demand, commonly illustrated in supply and demand curves.
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