Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CLICK HERE TO REVMEW LEARNING OBJECTIVES QUESTION 3 Not complete Points out of 10.00 Flag question Traditional Product Costing Versus Activity-Based Costing High Country Outfitters,
CLICK HERE TO REVMEW LEARNING OBJECTIVES QUESTION 3 Not complete Points out of 10.00 Flag question Traditional Product Costing Versus Activity-Based Costing High Country Outfitters, Inc., makes backpacks for large sporting goods chains that are sold under the customers' store brand names. The accounting department has identified the following overhead costs and cost drivers for next year Overhead Item Expected Costs Cost Driver Setup costs Ordering costs 240,000 Number of orders Maintenance ,200,000 Number of machine hours Power Maximum Quantity 7,200 60,000 80,000 600,000 936,000 Number of setups 120,000 Number of kilowatt hours Total predicted direct labor hours for next year is 60,000. The following data are for two recently completed jobs: Job 201 Job 202 $13,500 $15,000 $19,125 $71,250 Cost of direct materials Cost of direct labor Number of units completed ,125 915 Number of direct labor hours 270 330 Number of setups Number of orders Number of machine hours Number of kilowatt hours a. Determine the unit cost for each job using a traditional company-wide overhead rate based on direct labor hours. Round rate to two decimal places. Overhead rate per direct labor hour$ 0 Use rounded overhead rate calculated above for calculations below. Round cost answers to the nearest whole number, when needed. Round cost per unit to two decimal places, if needed. 18 24 45 540 450 270 360 Job 201 Job 202 Direct materials$ 0 0 Direct labor Total job cost Units Per unit cost0 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started