Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone answer and tell me if my answers are correct As part of the effort to determine whether it would be worthwhile to update

can someone answer and tell me if my answers are correct
image text in transcribed
image text in transcribed
As part of the effort to determine whether it would be worthwhile to update the cost system, the cost accounting manager hos collected data on three representative jobs completed in April. Data on those jobs follow 3040 Hob 007 1 Direct material 5 34.680 3.62.000 $112,600 chhours 2.06 1.660 1.00 2.0 Production runs The cost accounting manager has a tentative design for an ABC system to replace the current cost story is ayantwerpers active Data on the activities and the cost drivers for each activity are given as follows cost oelver trial con Machine hours Units Order Production al cost be $15.000.000 so 125. Material Handling chin Finishing shipping Setup Gwen State Un 176 So Help Save & Activity Material Handling Machining Finishing Shipping Setups Cast Driver Material cost Machine hours Units Orders Production runs Annual Cost Driver Volume $15,000,000 500,000 125,000 100 175 Required: a. What is the unit cost for each of the three jobs assuming DP, Inc. continues to use its current casting system b. What is the unit cost for each of the three jobs assuming DP, Inc adopts the ABC system as designed by the cost og manager? (Do not round intermediate calculations, Round your final answers to 2 decimal places.) Unit Cost Jabolos Jo 0107 5 1583 1805 210 Using the current costing system Using the ABC system As part of the effort to determine whether it would be worthwhile to update the cost system, the cost accounting manager hos collected data on three representative jobs completed in April. Data on those jobs follow 3040 Hob 007 1 Direct material 5 34.680 3.62.000 $112,600 chhours 2.06 1.660 1.00 2.0 Production runs The cost accounting manager has a tentative design for an ABC system to replace the current cost story is ayantwerpers active Data on the activities and the cost drivers for each activity are given as follows cost oelver trial con Machine hours Units Order Production al cost be $15.000.000 so 125. Material Handling chin Finishing shipping Setup Gwen State Un 176 So Help Save & Activity Material Handling Machining Finishing Shipping Setups Cast Driver Material cost Machine hours Units Orders Production runs Annual Cost Driver Volume $15,000,000 500,000 125,000 100 175 Required: a. What is the unit cost for each of the three jobs assuming DP, Inc. continues to use its current casting system b. What is the unit cost for each of the three jobs assuming DP, Inc adopts the ABC system as designed by the cost og manager? (Do not round intermediate calculations, Round your final answers to 2 decimal places.) Unit Cost Jabolos Jo 0107 5 1583 1805 210 Using the current costing system Using the ABC system

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_2

Step: 3

blur-text-image_3

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

The Birth Of American Accountancy

Authors: Peter L. McMickle, Paul H. Jensen

1st Edition

0367534681, 9780367534684

More Books

Students also viewed these Accounting questions

Question

Are layers of support identified for students who struggle?

Answered: 1 week ago