Cost Accounting: Find the unit product cost for each model under the department system as well as under the ABC system?

Tamarisk Corp. makes many products but is best known for its two styles of park benches: Classic and Modern. Tamarisk initially set up its MOH allocation system to pool all MOH costs into two key departments: Assembly and Finishing. It based Assembly MOH costs on machine hours, and Finishing MOH costs on DL hours. The company understood its costs, set selling prices to cover its costs, and carried on smoothly-until now. Tamarisk's president received some phone calls from community members complaining about the bench pricing and reporting that a non-community supplier is priced 25% lower than Tamarisk's listed price. In an effort to better understand its costs, Tamarisk's accountants gathered the following information for the two departments. Then it found more detailed information on key activities within its overhead costs. Calculate the departmental MOH rates and allocate costs to the two park bench models as if Tamarisk continues to follow its current two-department MOH system. (Round MOH rates to 2 decimal places, e.g. 15.25.) MOH Applied to Classic Benches MOH Applied to Modern Benches eTextbook and Media Attempts: 10 (b) Your answer is correct. Calculate activity-based MOH rates and allocate costs to the two models as if Tamarisk switches to an ABC method for understanding and allocating its MOH costs. (Round MOH rates to 2 decimal places, e.s. 15.25.) MOH Applied to Classic Line MOH Applied to Modern Line Additional information about both the Classic and Modern benches is as follows. Determine the unit product cost for each model under the department system as well as under the ABC system. (Round intermediate calculations and final answers to 2 decimal places, e.g. 15.25.)