Check my work Required information Part 1 of 2 [The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: 7 Direct points Labor-Hours Annual per unit Production Rims 0. 40 18, 000 units Posts 0. 80 76, 000 units Book Additional information about the company follows: Print a. Rims require $10 in direct materials per unit, and Posts require $7. b. The direct labor wage rate is $17 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: References Estimated Activity Estimated Overhead Activity Cost Pool Activity Measure Cost Rims Posts Total Machine setups Number of setups $ 25, 080 80 220 300 Special processing Machine-hours $ 122, 360 2,000 2, 00 General factory Direct labor-hours $ 702, 000 7,000 47, 000 54, 000 Required: 1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.) Activity Cost Pool Activity Rate Machine setups per setup Special processing per MH General factory per DLH Mc HillCheck my work Required information Per! 2 0' 2 [The following information applies to the questions displayed below] Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: 7 , Direct 90"\"5 Labo r-Haurs Annual per unit Production Rims 0.40 18,000 units El Posts 0. 80 76 000 units eook Additional information about the company follows: "E! a. Rims require sic in direct materials per unit, and Posts require $7, b. The direct labor wage rate is $17 per hour, c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: ReVevences Estimated Activity Estimated Overhead Activity Cost Pool Activity Measure Cost Rims Posts Total Machine setups Number of setups 5 25,080 80 220 300 Special processing Machinehours $122,360 2,000 0 2,000 General factory Direct laborhours $702,000 7.000 47.000 54,000 2. Determlne the unit product cost of each product accordlng to the ABC system. (Do not round Intermediate calculations. Round your nal answers to 2 declmal places.) Unit product oust 01 Rims Unit product cost of Posts 793* (Prev |2Jof6 Next > Check my work 3 Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed points Units Materials Conversion Work in process, October 1 50,000 90% 55% Work in process, October 31 37, 000 73% 52% eBook The department started 399,000 units into production during the month and transferred 412,000 completed units to the next department. Required: Hint Compute the equivalent units of production for October. Print Materials Conversion Equivalent units of production References Mc Check my work 4 Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below: 7 Materials Labor Overhead points Work in process, May 1 $ 30, 800 $ 50, 625 $ 246, 600 during $ 186, 690 $ 33, 750 $ 164, 400 Equivalent s of production 2, 600 2,500 2, 400 Book Required: Compute the cost per equivalent unit for materials, labor, overhead, and in total. (Round your answers to 2 decimal places.) Hint Materials Labor Overhead Total Cost per equivalent unit Print References Mc Graw HillCheck my work 5 Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below: 7 Materials Conversion points Equivalent units in ending work in process inventory 2, 040 840 Cost per equivalent unit $ 15. 06 $ 5.23 A total of 21,600 units were completed and transferred to the next processing department during the period. Book Required: 1. Compute the cost of ending work in process inventory for materials, conversion, and in total. Hint 2. Compute the cost of the units completed and transferred out for materials, conversion, and in total. (Round your final answers to the nearest whole dollar amount.) Print Materials Conversion Total 1. Cost of ending work in process inventory 2. Cost of units transferred out References Mc Graw 5 of 6 Next > Hill
