Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assi CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 2 Not complete Marked out of 35.00 P Flag question Traditional Product Costing Versus Activity-Based Costing Assume

image text in transcribedimage text in transcribed

Assi CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 2 Not complete Marked out of 35.00 P Flag question Traditional Product Costing Versus Activity-Based Costing Assume that Panasonic Company has determined its estimated total manufacturing overhead cost for one of its plants to be $204,000, consisting of the following activity cost pools for the current month Activity Centers Activity Costs Cost Drivers Assembly setups Materials handling Assembly Maintenance Total Finish Activity Level 1,500 300 12,000 1,200 $45,000 Setup hours 15,000 Number of moves 20,000 Assembly hours 24000 Maintenance hours $204,000 Total direct labor hours used during the month were 8,000. Panasonic produces many different electronic products, including the following two products produced during the current month Units produced Direct materials costs Direct labor costs Direct labor hours Setup hours Materials moves Assembly hours Maintenance hours Model X301 Model Z205 1,000 15,000 $15,000 $12,500 500 100 50 800 40 1,000 $12,500 500 50 25 800 a. Calculate the tokal per-unit cost af each model using direct labor hours to assign manufacturing overhead to products. Round rate to two decimal places. Overhead rate per direct labor hour Use rourded overhead rate cakulated above or calculations below. Round cast answers to the neares hole number, when needed. Rournd cost per unit to two decimal places, if needed. b. Calculae the total per-unit cost of each model using activity based costing to assign manufacturing overhead to products. per satup hour Malras handg Assembly Pr ansamibly hou r maintenance hou Round cost per unit to two decimal places, if needed. Mberials handi smbly Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Human And Social Audit

Authors: N P Agarwal

1st Edition

8176113980, 978-8176113984

More Books

Students also viewed these Accounting questions

Question

Differentiate 3sin(9x+2x)

Answered: 1 week ago

Question

Compute the derivative f(x)=(x-a)(x-b)

Answered: 1 week ago