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1. Using a plantwide overhead rate based on 5,250 direct labor hours, compute the total product cost per unit for each product. 2. Consider the
1. Using a plantwide overhead rate based on 5,250 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each.
Consider the following data for two products of Vigano Manufacturing. Budgeted Activity Cost Activity Driver Machine setup $ 21,808 (20 machine setups) Parts handling 16, 809 (16, 090 parts) Quality inspections 25, 209 (100 inspections) Total budgeted overhead $ 63,809 Unit Information Product A Product B Units produced 2, lee units 420 units Direct materials cost $ 31 per unit $ 41 per unit Direct labor cost $ 51 per unit $ 61 per unit Direct labor hours 2 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 5,250 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Actual Activity Usage Product A Product B Setups 8 setups 12 setups Parts 10,890 parts 6,080 parts Inspections 40 inspections 60 inspections Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 5,250 direct labor hours, compute the total product cost per unit for each product. Direct Product Cost Per Unit Overhead Materials Direct Labor per Unit Product A Product B Consider the following data for two products of Vigano Manufacturing. Activity Budgeted Cost Activity Driver Machine setup $ 21, eon (20 machine setups) Parts handling 16, 809 (16,090 parts) Quality inspections 25, 200 (190 inspections) Total budgeted overhead $ 63,090 Unit Information Product A Product B Units produced 2, lee units 420 units Direct materials cost $ 31 per unit $ 41 per unit Direct labor cost $ 51 per unit $ 61 per unit Direct labor hours 2 per unit 2. 50 per unit 1. Using a plantwide overhead rate based on 5.250 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each. and (c) compute product cost per unit for each. Actual Activity Usage Product A Product B Setups 8 setups 12 setups Parts 10,090 parts 6, 800 parts Inspections 40 inspections 60 inspections Complete this question by entering your answers in the tabs below. Required 1 Required 2 Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (=) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) Show less A a. Compute overhead activity rates Activity Activity Rate Machine setup per setup Parts handling per part Quality inspection per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost Units produced Overhead cost per unit . Product cost per unit using activity-based costing Per Unit Product Cost per Unit Product A Product B Required 1 Required 2 >Step by Step Solution
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