#2 using abc method and traditional

O 1. We are analyzing 2 products - product X and product Y. Product X requires 3 Part As and 4 Part B's. o Product Y requires 2 Part A's and 3 Part B's. The standard cost for Part A is $12 per unit. The standard cost for Part B is $24 per unit. During this month, the company purchased 50,000 units of Part A for $587,500 (there was no beginning balance) During this month, the company purchased 100,000 units of Part B for $2,500,000 (there was no beginning balance). . During the month the company produced 500 Xs and 1000 Ys. During the month the company used 3550 units of Part A and 4975 units of Part B. Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only). o Xuses 12 standard direct labor hours. Yuses 14 standard direct labor hours. o Labor standard cost is $20 per hour. hint: for production of both X and Y Questions 1-25: Suggestion: Use a scratch paper to solve all the variances first, then answer the questions. 2.Use the information given in Problem I. Use standard cost information for all calculations except as noted below. Department $Costs Activity Cost Driver Supplies $22,000 Direct labor hours Assembling $17,000 Units of standard direct material (Parts) Packaging $15,000 Completed units Questions 26-50: Suggestion: use the worksheet to complete the problem first, then answer the questions. O 1. We are analyzing 2 products - product X and product Y. Product X requires 3 Part As and 4 Part B's. o Product Y requires 2 Part A's and 3 Part B's. The standard cost for Part A is $12 per unit. The standard cost for Part B is $24 per unit. During this month, the company purchased 50,000 units of Part A for $587,500 (there was no beginning balance) During this month, the company purchased 100,000 units of Part B for $2,500,000 (there was no beginning balance). . During the month the company produced 500 Xs and 1000 Ys. During the month the company used 3550 units of Part A and 4975 units of Part B. Factory payroll was $393,000 with 19,500 hours (this is actual - direct labor only). o Xuses 12 standard direct labor hours. Yuses 14 standard direct labor hours. o Labor standard cost is $20 per hour. hint: for production of both X and Y Questions 1-25: Suggestion: Use a scratch paper to solve all the variances first, then answer the questions. 2.Use the information given in Problem I. Use standard cost information for all calculations except as noted below. Department $Costs Activity Cost Driver Supplies $22,000 Direct labor hours Assembling $17,000 Units of standard direct material (Parts) Packaging $15,000 Completed units Questions 26-50: Suggestion: use the worksheet to complete the problem first, then answer the questions