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Figure 4-21 Jones Manufacturing uses an activity-based costing system.The company produces Model X and Model Y.Information relating to the two products is as follows: The following overhead costs are reported for the following activities of the production process:
Jones manufacturing has used activity based costing to assign costs to Models X and Y as given in the table below:
Jones Manufacturing wants to implement an approximately relevant ABC system by using the two most expensive activities for cost assignment.
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Refer to Figure 4-21.Under this new approach using consumption ratios for labor related and machine hours, the overhead cost assigned to Model X would be? (round to 5 decimal places)
Clear-cut
A forestry or logging practice where all trees in an area are uniformly cut down, often used for timber production but criticized for environmental impact.
Acid Soils
Soils with a pH level below 7, often resulting from heavy rainfall, certain parent material, or anthropogenic sources, which can affect plant growth and soil biology.
Alkaline Soil
Soil with a pH value above 7, characterized by a high concentration of carbonate and bicarbonate ions, affecting nutrient availability and plant growth.
Clear-cutting
A logging practice where all the trees in a designated area are uniformly cut down.
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