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Consider the following data for two products of Vigano Manufacturing. Budgeted Activity Activity Driver Cost Machine setup $ 29,000 (20 machine setups) Parts handling 23,200 (16,800 parts) Quality inspections 34,800 (100 inspections) Total budgeted overhead $ 87, eee Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Product A 2,900 units $ 39 per unit $ 59 per unit 2 per unit Product B 580 units $ 49 per unit $ 69 per unit 2.50 per unit 1. Using a plantwide overhead rate based on 7,250 direct labor hours, compute the total product cost per unit for each product. 2. Consider the following additional Information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. Actual Activity Usage Product A Product B Setups 8 setups 12 setups Parts 10,800 parts 6,880 parts Inspections 40 inspections 60 inspections Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 7,250 direct labor hours, compute the total product cost per unit for each product. Direct Per Unit Materials Direct Labor Overhead Product Cost per Unit Product A Product B Required 1 Required 2 Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) Show less a. Compute overhead activity rates Activity Activity Rate Machine setup per setup Parts handling per part Quality inspection per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost S Units produced Overhead cost per unit c. Product cost per unit using activity-based costing Per Unit Product Cost per Unit Product A Product B 0 S 0 Required 1 Required 2 Required 3 Required 4 The company reports the following actual production usage data. Compute the overhead cost per unit for each model. (Round your "Hours per unit" amounts to 1 decimal place and other answers to 2 decimal places.) Department Departmental Overhead Rate Voltage Hours per Unit Overhead Allocated Easy Rider Hours per Unit Overhead Allocated Fabricating Assembly Totals Required 1 Required 2 Required 3 Required 4 The company reports additional information below. For each model, compute the product cost per unit. (Round your answers to 2 decimal places.) Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Voltage Easy Rider Required 1 Required 2 Required 3 Required 4 For each model, compute gross profit per unit (selling price per unit minus product cost per unit). (Round your answers to 2 decimal places.) Per Unit Selling Price Product Cost Gross Profit Voltage EasyRider
