Munar Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the company's three activity cost pools-Machining, Order Filling, and Other. The costs in those activity cost pools appear below:

  Machining

$10,224

  Order Filling

$24,282

  Other

$6,900

Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products. Activity data appear below:

MHs (Machining)

Orders (Order Filling)

  Product Z3

3,300       

240       

  Product X6

10,900       

1,180       

Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins.

Product Z3

Product X6

  Sales (total)

$92,100        

$98,600    

  Direct materials (total)

$42,800        

$32,000    

  Direct labor (total)

$36,100        

$37,200    

What is the overhead cost assigned to Product X6 under activity-based costing? (Round the Intermediate calculation to two decimal places and your final answer to nearest whole dollar.)

Brisky Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts-equipment depreciation and supervisory expense-to three activity cost pools-Machining, Order Filling, and Other-based on resource consumption. Data to perform these allocations appear below:

  Overhead costs:

  Equipment depreciation

$30,000

  Supervisory expense

$14,800  

Distribution of Resource Consumption Across Activity Cost Pools:

Activity Cost Pools

Machining

Order Filling

Other

  Equipment depreciation

0.50     

0.40        

0.10    

  Supervisory expense

0.50     

0.30        

0.20    

In the second stage, Machining costs are assigned to products using machine-hours (MHs) and Order Filling costs are assigned to products using the number of orders. The costs in the Other activity cost pool are not assigned to products.

  Activity:

MHs (Machining)

Orders (Order Filling)

  Product I3

5,530            

161             

  Product U8

17,000            

964             

  Total

22,530            

1,125             

Finally, sales and direct cost data are combined with Machining and Order Filling costs to determine product margins.

  Sales and Direct Cost Data:

Product I3

Product U8

  Sales (total)

$69,700     

$65,700     

  Direct materials (total)

$31,100     

$23,900     

  Direct labor (total)

$22,400     

$29,500     

What is the product margin for Product I3 under activity-based costing? (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)

The Wright Company has a standard costing system. The following data are available for September:

  Actual quantity of direct materials purchased

30,000

pounds

  Standard price of direct materials

$5

per pound

  Material price variance

$3,000

unfavorable

  Material quantity variance

$2,000

favorable

The actual price per pound of direct materials purchased in September is: (Round your answer to 2 decimal places.)

Avril Company makes collections on sales according to the following schedule:

30% in the month of sale

64% in the month following sale

6% in the second month following sale

The following sales have been are expected:

Expected Sales

  January

$100,000    

  February

$110,000    

  March

$100,000    

Budgeted cash collections in March should be budgeted to be: