Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the activity-driver rates for assigning factory costs

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the activity-driver rates for assigning factory costs to the two products. (Round your Activity-Driver Rates $ 216.49 $ 7.69 Setup Assembly Inspect and Finish Packaging Required: 1. Determine the amount of the cost pool for each of the four activities. 2. Determine the activity-driver rates for assigning factory costs to the two products. 3. Determine the activity-based unit cost for each of the products. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the activity-based unit cost for each of the products. (Round your intermediate calculations and finala decimal places.) Safe-V Safe-T Activity-based cost per unit Required 2 8 EyeGuard Equipment Inc. (El) manufactures protective eyewear for use in commercial and home applications. The product is also used by hunters, home woodworking hobbyists, and in other applications. The firm has two main product lines-the highest quality product is called Safe.T, and a low-cost value version is called Safe:V Information on the factory conversion costs for Eelis as follows Factory costs Salaries $ 656,000 Supple 156.000 Factory expense 550.000 5 1.500.000 Eles ABC to determine the unit costs of its products. The firm uses resource consumption cost drivers based on rough estimates of the amount that each activity consumes as shown below. Eel has four activities job setup, assembly, inspecting and finishing, and packaging Inspecting and Setu Assesby Finish Packaging Total Salaries 100% Supplies Factory 10 100 se 90 15 10 The activity cost drivers for the two products are summarized below. Activity Driver Unit lothing hours Padiding hos 8 Batches Units Finishing hours, per unit Packaging hours, per unit Materials per unit Safe.V 310 66,000 0.30 0.20 $ 4.00 Safe-T 660 78,000 0.20 0.10 $ Required: 1. Determine the amount of the cost pool for each of the four activities. 2. Determine the activity-driver rates for assigning factory costs to the two products, 3. Determine the activity-based unit cost for each of the products, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the activity-driver rates for assigning factory costs to the two products. (Round your answers to 2 decimal places) Activity-Driver Rates 5 216.49 5 769 Setup Assembly Inspect and Finish Packaging

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

Introduction To AccountingAn Integrated Approach

Authors: Penne Ainsworth, Dan Deines

8th Edition

1119600103, 9781119600107

More Books

Students also viewed these Accounting questions

Question

3. I know I will be able to learn the material for this class.

Answered: 1 week ago

Question

please dont use chat gpt AI 5 8 0 . .

Answered: 1 week ago