Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. Using the plantwide overhead rate, determine the total cost per unit for the two products if the direct materials and direct labor cost is
2. Using the plantwide overhead rate, determine the total cost per unit for the two products if the direct materials and direct labor cost is $17 per pup tent and $20 per pop-up tent. (Round your intermediate calculations and answers to 2 decimal places.) Pup Tent Pop-Up Tent Materials and Labor per unit Overhead per unit Total cost per unit Complete the below table. (Round your intermediate calculations and answers to 2 decimal places.) 3. Assume the market price of the pup tent is $61 and the market price of the pop-up tent is $150, determine the gross profit / loss per unit for each tent assuming overhead is assigned using the plantwide rate. Pup Tent Pop-Up Tent Market price Manufacturing cost per unit Gross profit (loss) per unit Pup Tent Pop-Up Tent Will product line be retained or eliminated? 4. Using ABC, compute the total cost per unit for each tent if the direct labor and direct materials cost is $17 per pup tent and $20 per pop-up tent. (Round your intermediate calculations and final answers to 2 decimal places.) Pattern alignment Cutting Moving product Sewing Inspecting Folding Design Providing space Material handling Total Overhead Cost Overhead Assigned Activity Drive Activity rate Pup Tent Pattern alignment Cutting Moving product Sewing Inspecting Folding Design Providing space Material handling Pop-Up Tent Pattern alignment Cutting Moving product Sewing Inspecting Folding Design Providing space Material handling Total manufacturing costs Direct materials and direct labor Overhead Total manufacturing cost per unit Pup Tent Pop-Up Tent 5. Assume if the market price is $61 per pup tent and $150 per pop-up tent, determine the gross profit/loss per unit for each tent. Round your intermediate calculations and answers to 2 decimal places.) Pup Tent Pop-Up Tent Market price Pup Tent Pop-Up Tent Will product line be retained or eliminated
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started