Answer:
Assigned cost= $16,080
Explanation:
Giving the following information:
Wicker baskets are produced in batches of 100 units.
Wooden slat baskets are produced in batches of 50.
Setup is required for each batch. During the most recent accounting period, the company made 8,000 wicker baskets and 2,000 wooden slat baskets. Setup costs amounted to $24,000 for the baskets produced during the period.
First, we need to determine the number of batches.
Wicker= 8000/100= 80 batches
Wooden= 2000/50= 40 batches
Proportion of batches= 80/120= 0.67
Assigned cost= 24000*0.67= $16,080