Matis Corporation's Activity-Based Costing System Has Three Activity Cost Pools-Fabricating,Setting

question 64

Essay

Matis Corporation's activity-based costing system has three activity cost pools-Fabricating,Setting Up,and Other.Costs in the Fabricating cost pool are assigned to products based on machine-hours (MHs)and costs in the Setting Up cost pool are assigned to products based on the number of batches.Costs in the Other cost pool are not assigned to products.The activity rate for Fabricating is $1.08 per MH;the activity rate for Setting Up is $5.20 per batch.The following table shows the machine-hours and number of batches associated with each of the company's two products: Required:
Determine the amount of overhead cost that would be assigned to each product using activity-based costing.

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Definitions:

Heart Disease

Heart disease refers to a range of conditions affecting the heart, including coronary artery disease, arrhythmias, heart infections, and heart defects.

Electrical Impulses

Rapidly moving electrical signals that are the primary method of communication within the nervous system, allowing for the coordination of bodily functions.

ECG Machine

An electrocardiogram machine, a medical device used to record the electrical activity of the heart to detect cardiac abnormalities.

Amplifier

A device on an electrocardiograph that enlarges the ECG impulses.