AAOCGFFO ... w Take Home Exam 2 ACC 202 Spring 23 Home Insert Draw Design Layout References Mailings Review View Acrobat ? Tell me Share Comments Times New... v 12 A" A Aa Ap 24 T AaBbCcDdE AaBbCcDdE BIUvab X X A DAY Norma No Spacing Styles Dictate Sensitivity Editor Insert Create and Share Request Paste Pane Symbols Adobe PDF Signatures 2. (10 points) Maffei Company, which has only one product, has provided the following data concerning its most recent month of operations Selling price ... $138 Units in beginning inventory ........... 0 Units produced ............... 7,200 Units sold ....................."."..............". 7.000 Units in ending inventory ...... 200 Variable costs per unit: Direct materials.. ........ $42 Direct labor ...... $32 Variable manufacturing overhead.......... $1 Variable selling and administrative ....... $8 Fixed costs: Fixed manufacturing overhead .............. $280,800 Fixed selling and administrative ............ $98,000 Required: a. Prepare an income statement for the month using the contribution format and the variable costing method b. Prepare an income statement for the month using the absorption costing method. + X English (United States) Focus E 112% Page 1 of 5 812 wordsAAOCGFFO ... w Take Home Exam 2 ACC 202 Spring 23 Home Insert Draw Design Layout References Mailings Review View Acrobat ? Tell me Share Comments Times New... v 12 A A Aa Ap 24 T AaBbCcDdE AaBbCcDdE Paste BIUvab X X A DAY Norma No Spacing Styles Dictate Sensitivity Editor Insert Create and Share Request Pane Symbols Adobe PDF Signatures 3. |(8 points) Cabio Company manufactures two products, Product C and Product D. The company estimated it would incur $119, 100 in manufacturing overhead costs during the current period. Overhead currently is applied to the products on the basis of direct labor hours. Data concerning the current period's operations appear below: Product C Product D Estimated volume....................... 400 units 3,000 units Direct labor hours per unit.......... 1.20 hours 1.30 hour Direct materials cost per unit ........ $4.00 $22.80 Direct labor cost per unit..... $12.00 $13.00 Required: a. Compute the predetermined overhead rate under the current method, and determine the unit product cost of each product for the current year. b. The company is considering using an activity-based costing system to compute unit product costs for external financial reports instead of its traditional system based on direct labor hours. The activity-based costing system would use three activity cost pools. Data relating to these activities for the current period are given below: Expected Activity Estimated Overhead Activity Cost Pool Costs Product C Product D Total Machine setups....... $ 10,440 6 120 180 Purchase orders ...... 78,000 320 1, 180 2,000 General factory ...... 30,660 480 3.900 4,380 Total ....... $119,100 Determine the unit product cost of each product for the current period using the activity- based costing approach Page 3 of 5 812 words X English (United States) Focus + 112%