Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two products

Fogerty Company makes two products, titanium Hubs and Sprockets. Data regarding the two productsfollow:DirectLaborHoursper AnnualUnit ProductionHubs0.8025,000unitsSprockets0.4058,000unitsAdditional information about the company follows:a. Hubs require $37 in direct materials per unit, and Sprockets require $14.b. The direct labor wage rate is $11 per hour.c. Hubs are more complex to manufacture than Sprockets and they require special equipment.d. The ABC system has the following activity cost pools:ActivityEstimatedActivity Cost Pool (Activity Measure)Overhead CostMachine setups (number of setups)$27,720140Special processing (machine-hours)$120,0004,800 04,800General factory (organization-sustaining)$321,600NANARequired:1. Compute the activity rate for each activity cost pool.HubsSprockets112NATotal2522. Determine the unit product cost of each product according to the ABC system. (Round intermediatecalculations and final answers to 2 decimal places.)Worley Company buys surgical supplies from a variety of manufacturers and then resells and deliversthese supplies to hundreds of hospitals. Worley sets its prices for all hospitals by marking up its cost ofgoods sold to those hospitals by 7%. For example, if a hospital buys supplies from Worley that had costWorley $100 to buy from manufacturers, Worley would charge the hospital $107 to purchase thesesupplies.For years, Worley believed that the 7% markup covered its selling and administrative expenses andprovided a reasonable profit. However, in the face of declining profits Worley decided to implement anactivity-based costing system to help improve its understanding of customer profitability. The companybroke its selling and administrative expenses into five activities as shown below:Activity Cost Pool (Activity Measure)Customer deliveries (Number of deliveries)Manual order processing (Number ofmanual orders)Electronic order processing (Number ofelectronic orders)Line item picking (Number of line itemspicked)Other organization-sustaining costs (None)Total Cost$Total selling and administrative expenses$332,000Total Activity4,000 deliveries355,0005,000 orders300,00012,000 orders798,000 420,000 line items620,0002,405,000Worley gathered the data below for two of the many hospitals that it serves—University and Memorial(both hospitals purchased a total quantity of medical supplies that had cost Worley $33,000 to buy from itsmanufacturers):ActivityActivity MeasureNumber of deliveriesNumber of manual ordersNumber of electronic ordersNumber of line items pickedUniversity14012180Memorial28490210Required:1. Compute the total revenue that Worley would receive from University and Memorial.The operations vice president of Security Home Bank has been interested in investigating the efficiencyof the bank’s operations. She has been particularly concerned about the costs of handling routinetransactions at the bank and would like to compare these costs at the bank’s various branches. If thebranches with the most efficient operations can be identified, their methods can be studied and thenreplicated elsewhere. While the bank maintains meticulous records of wages and other costs, there hasbeen no attempt thus far to show how those costs are related to the various services provided by thebank. The operations vice president has asked your help in conducting an activity-based costing study ofbank operations. In particular, she would like to know the cost of opening an account, the cost ofprocessing deposits and withdrawals, and the cost of processing other customer transactions.The Westfield branch of Security Home Bank has submitted the following cost data for last year:Teller wages$159,000Assistant branchmanager salary73,000Branch managersalary85,000Total$317,000Virtually all other costs of the branch—rent, depreciation, utilities, and so on—are organizationsustaining costs that cannot be meaningfully assigned to individual customer transactions such asdepositing checks.In addition to the cost data above, the employees of the Westfield branch have been interviewedconcerning how their time was distributed last year across the activities included in the activity-basedcosting study. The results of those interviews appear below:Distribution of Resource Consumption Across ActivitiesOpeningAccountsProcessingDepositsandWithdrawalsProcessingOtherCustomer OtherTransactions ActivitiesTeller wages4%75%15%6%100%Assistant branch manager salary11%11%29%49%100%Branch manager salary4%0%19%77%100%The manager of the Westfield branch of Security Home Bank has provided the following dataconcerning the transactions of the branch during the past year:ActivityTotal Activity at the Westfield BranchOpening accounts250accounts openedProcessing deposits and withdrawals53,500deposits and withdrawals processedProcessing other customer transactions 1,400other customer transactions processedTotalsRequired:1. Compute the activity rates for the activity-based costing system. (Round your answers to 2 decimalplaces.)

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