CALCULATOR PRINTER VERSION 4 * RACK NEXT Under ABC, prepare a schedule showing the computations of the activity based overhead rates per cost driver (Hound overhead rate to 2 decimal places, 12.25.) Activity Cost Pool Estimated Estimated Activity-Based Overhead Use of Cost Drivers Overhead Rate Receiving Pounds per pound $ Forming Machine hours per machine hour 3 Assembling Parts $ per part Testing Tests $ per test Fainting Gallons $ per gallon Packing and shipping Pounds per pound $ Prepare a schedule assigning each activity's overhead cost pool to each product based on the use of cost drivers (Round overhead cost per unit to 2 decimal places. 12.25 and cost assigned to o decimal places, e.g. 2,500.) Home Model Commercial Model Estimated Use of Activity-Based Estimated Use of Activity-Based Activity Cost Pool Drivers Overhead Rates Cost Assigned Drivers Overhead Rates Cost Assigned Receiving Farming 5 5 Assembling $ $ Testing $ $ Painting Packing and shipping Total costs assigned (a) Problem 4-1A a-e (Video) Combat Fire, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi-purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96.300 ar [1.5 hours x (54,000+ 10,200)). Estimated annual manufacturing overhead is $1.577.770. Thus, the predetermined overhead rate is $16.38 or ($1,577,770 + 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models, The company's managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows. Estimated Use of Drivers by Product Activity Cost Pools Receiving Forming Assembling Testing Painting Packing and shipping Cost Drivers Pounds Machine hours Number of parts Number of tests Gallons Pounds Estimated Overhead $80,400 150.850 414,470 52,020 52.580 827,450 $1,577,770 Estimated Use of Cost Drivers 335,000 35,000 217,000 25,500 5,258 335,000 Home 215,000 27,000 165,000 15,500 3,680 215,000 Commercial 120,000 8,000 52.000 10,000 1,578 120,000 Under traditional product desting, compute the total unit cost of each product. (Round answers to 2 decimal places, 0.9. 12.50.) Home Model Commercial Model Total unit cost $ Under ABC, prepare a schedule showing the computations of the activity-based overhead rates (per cost driver). (Round overhead rate to 2 decimal places, e.g. 12.25.) Estimated Estimated Activity Cost Pool Activity-Based Overhead Use of Cost Drivers Overhead Rate Pounds per pound $ Receiving per machine hour Machine hours $ Forming per part Parts S Assembling per test Tests Testing DIL CALAIN PRVI HAN NEXT Finting Packing and shipping 3 Total costs assigned a Units produced (b) Overhead cost per unit (a) (b) Compute the total cost per unit for each product under AC (Hound anwerto decimal place 12:25) Home Model Commercial Model Total cost per unit Classily each of the activities as a value-added activity or non-value-added activity Activity Receiving Forming Assembling Testing Painting Packing and shipping Click if you would like to show Work for this question Op Show Work SAVE FOR LATER Question Attempts: 0 of 3 used SUBMIT AWER