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Koontz Compary manufactures two models of industrial components - a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct tobor hours. Koontr's controller prepared the segmented income statement that is shown below for the most recent year (he allocated selling and administrative expenses to products based on sales dollars): Direct iaborers aro paid $20 per hour. Direct materials cost $40 per unit for the Basic model and $60 per unit for the Advanced model. Koontz is considering s change from plantwide overhead allocntion to a departmental opproach. The overhead costs in the company's Moiding Department would be nllocated based on machine-hours ond the overhead costs in its Assemble and Pock Department would be allocated bosed on direct labor-hours. To enable further analysis, the controller gathered the following information: Required: 1. Using the plantwide appeati: a. Calculate the piantwide oyerhead rate. b. Colculate the amount of overhead that would be assigned to ench product 2. Using a departmentai approachy a. Caicutate the departmentw awerheod rotes. b. Cairuiate the totd smount of overhend twat would be assigned to each product. fei Using your depiantmentsl overherad cost alocations, rede the controller's segmented income statement (continue to aliocafe seiang Koontz's production manager has suggested using activity-based costing instead of either the plantwide or departmental oproaches. To facilitate the necessary calculations, she assigned the company's total manufacturing overhead cost to five activity ost poois as follows: She also determined that the average order size for the Basic and Advanced models is 400 units and 50 units, respectively. The molding machines require a setup for each order, One setup hour is required for each customer order of the Basic model and three hours are required to setup for an order of the Advanced model. The company pays a sales commissions of 5% for the Basic model and 10% for the Advanced model. Its traceable fixed advertising costs include $150,000 for the Basic model and $200,000 for the Advanced model. The remainder of the company's seling and administrative costs are organization-sustaining in nature. Using the additional information provided by the production manager, calculate; a. An activity rete for each activity cost pool. b. The total monufacturing overhead cost allocated to the Basic model and the Advanced model using the activity-based opproach. c. The total selling and administrative cost traced to the Basic model and the Advanced model using the activity-bosed approach. 4. Using your activity.based cost assignments from requirement 3, prepare a contribution format segmented income statement that is adopted from Extibin. - 8. (Hint: Organize all of the company's costs into three categonies: variablo expenses, traceoble fixed expenses. and common fixed expenses) 5. Using your contrlbution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced modeli, b. The total manufacturing overhead cost allocated to une basiciol and the Advanced model using the activity 3. prepare a contribution format segmented income statement that is 4. Using your activity-based cost assignments from requirement 3. prepare a contribution format segmented income statement that is adapted from Exhibit 6.8. (Hint: Organize all of the company's costs inte and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Calculate the plantwide overhead rate. The total seling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. 4. Using your activity-based cost assignments from requirement 3. prepare a contribution format segmented income statement that is adapted from Exhibit 6-8. (Hint: Organize all of the company's costs into three categories: variable expenses, traceable fixed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4 , calculate the break-even point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Calculate the amount of overiead that would be assigned to each product. Using the additional information provided by the production manager, calculate: a. An activity rate for each activity cost pool. b. The total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activity-based approach. c. The total sciling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. 4. Using your activity-based cost assignments from requirement 3, prepare a contribution format segmented income statement that is adapted from Exhibit 6-8. (Hint: Organize all of the company's costs into three categories: variable expenses, traceable flxed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model. Complete this questien by entering your answers in the tabs below. Cvculate the departmental overhead rates. (Round your answers to 2 decimal places,) Using your activity-based cost assignments from requirement 3. prepare a contribution format segmented income statement that is idapted from Exhibit 6.8. (Hint: Organize all of the company's costs into three categorles: variable expenses, traceable fixed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-oven point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Calculate the total amount of overhead that would be assigned to each product. (Round your intermediate calculations to 2. decimal piaces.) Using your contribution format segmented income statement from requirement 4 , calculate the break-even point in dollar sales for ie Advanced model. Complete this question by entering your answers in the tabs below. Using your departmental overhead cost allocations, redo the controller's segmented income statement (continue to allocate sehing and administrative expenses based on sales dollars), (Round your intermediate calculations to 2 decimal places.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales the Advanced model. Complete this question by entering your answers in the tabs below. Calculate an activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for he Advanced model. Complete this question by entering your answers in the tabs below. Calculate the total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activitybased approach. (Round your intermediate calculations to 2 decimal places.) 5. Using your contribution format segmented income statement from requirement 4 , calculate the break-even point in dollar sales the Advanced model. Complete this question by entering your answers in the tabs below. Calculate the total selling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. b. The total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activity-based approach. c. The total selling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. 4. Using your activity-based cost assignments from requirement 3, prepare a contribution format segmented income statement that is adapted from Exhibit 6-8. (Hint: Organize all of the company's costs into three categories: varlable expenses, tracepble fixed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4. calculate the break-even point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model. (Round your intermedlate calculations to 2 decimal places. Round your final answer to the nearest whole dollar.) Koontz Compary manufactures two models of industrial components - a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct tobor hours. Koontr's controller prepared the segmented income statement that is shown below for the most recent year (he allocated selling and administrative expenses to products based on sales dollars): Direct iaborers aro paid $20 per hour. Direct materials cost $40 per unit for the Basic model and $60 per unit for the Advanced model. Koontz is considering s change from plantwide overhead allocntion to a departmental opproach. The overhead costs in the company's Moiding Department would be nllocated based on machine-hours ond the overhead costs in its Assemble and Pock Department would be allocated bosed on direct labor-hours. To enable further analysis, the controller gathered the following information: Required: 1. Using the plantwide appeati: a. Calculate the piantwide oyerhead rate. b. Colculate the amount of overhead that would be assigned to ench product 2. Using a departmentai approachy a. Caicutate the departmentw awerheod rotes. b. Cairuiate the totd smount of overhend twat would be assigned to each product. fei Using your depiantmentsl overherad cost alocations, rede the controller's segmented income statement (continue to aliocafe seiang Koontz's production manager has suggested using activity-based costing instead of either the plantwide or departmental oproaches. To facilitate the necessary calculations, she assigned the company's total manufacturing overhead cost to five activity ost poois as follows: She also determined that the average order size for the Basic and Advanced models is 400 units and 50 units, respectively. The molding machines require a setup for each order, One setup hour is required for each customer order of the Basic model and three hours are required to setup for an order of the Advanced model. The company pays a sales commissions of 5% for the Basic model and 10% for the Advanced model. Its traceable fixed advertising costs include $150,000 for the Basic model and $200,000 for the Advanced model. The remainder of the company's seling and administrative costs are organization-sustaining in nature. Using the additional information provided by the production manager, calculate; a. An activity rete for each activity cost pool. b. The total monufacturing overhead cost allocated to the Basic model and the Advanced model using the activity-based opproach. c. The total selling and administrative cost traced to the Basic model and the Advanced model using the activity-bosed approach. 4. Using your activity.based cost assignments from requirement 3, prepare a contribution format segmented income statement that is adopted from Extibin. - 8. (Hint: Organize all of the company's costs into three categonies: variablo expenses, traceoble fixed expenses. and common fixed expenses) 5. Using your contrlbution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced modeli, b. The total manufacturing overhead cost allocated to une basiciol and the Advanced model using the activity 3. prepare a contribution format segmented income statement that is 4. Using your activity-based cost assignments from requirement 3. prepare a contribution format segmented income statement that is adapted from Exhibit 6.8. (Hint: Organize all of the company's costs inte and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Calculate the plantwide overhead rate. The total seling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. 4. Using your activity-based cost assignments from requirement 3. prepare a contribution format segmented income statement that is adapted from Exhibit 6-8. (Hint: Organize all of the company's costs into three categories: variable expenses, traceable fixed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4 , calculate the break-even point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Calculate the amount of overiead that would be assigned to each product. Using the additional information provided by the production manager, calculate: a. An activity rate for each activity cost pool. b. The total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activity-based approach. c. The total sciling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. 4. Using your activity-based cost assignments from requirement 3, prepare a contribution format segmented income statement that is adapted from Exhibit 6-8. (Hint: Organize all of the company's costs into three categories: variable expenses, traceable flxed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model. Complete this questien by entering your answers in the tabs below. Cvculate the departmental overhead rates. (Round your answers to 2 decimal places,) Using your activity-based cost assignments from requirement 3. prepare a contribution format segmented income statement that is idapted from Exhibit 6.8. (Hint: Organize all of the company's costs into three categorles: variable expenses, traceable fixed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-oven point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Calculate the total amount of overhead that would be assigned to each product. (Round your intermediate calculations to 2. decimal piaces.) Using your contribution format segmented income statement from requirement 4 , calculate the break-even point in dollar sales for ie Advanced model. Complete this question by entering your answers in the tabs below. Using your departmental overhead cost allocations, redo the controller's segmented income statement (continue to allocate sehing and administrative expenses based on sales dollars), (Round your intermediate calculations to 2 decimal places.) 5. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales the Advanced model. Complete this question by entering your answers in the tabs below. Calculate an activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for he Advanced model. Complete this question by entering your answers in the tabs below. Calculate the total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activitybased approach. (Round your intermediate calculations to 2 decimal places.) 5. Using your contribution format segmented income statement from requirement 4 , calculate the break-even point in dollar sales the Advanced model. Complete this question by entering your answers in the tabs below. Calculate the total selling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. b. The total manufacturing overhead cost allocated to the Basic model and the Advanced model using the activity-based approach. c. The total selling and administrative cost traced to the Basic model and the Advanced model using the activity-based approach. 4. Using your activity-based cost assignments from requirement 3, prepare a contribution format segmented income statement that is adapted from Exhibit 6-8. (Hint: Organize all of the company's costs into three categories: varlable expenses, tracepble fixed expenses, and common fixed expenses.) 5. Using your contribution format segmented income statement from requirement 4. calculate the break-even point in dollar sales for the Advanced model. Complete this question by entering your answers in the tabs below. Using your contribution format segmented income statement from requirement 4, calculate the break-even point in dollar sales for the Advanced model. (Round your intermedlate calculations to 2 decimal places. Round your final answer to the nearest whole dollar.)