Data table Activity Materials handling Budgeted Cost of Activity Allocation Base Cost Allocation Rate 280,000 Number of parts 0.80 13.00 Assembling .......... Painting 2,700,000 Direct labor hours 160,000 Number of painted desks $ 4.80 McKnight produced two styles of desks in March: the Standard desk and Unpainted desk. Data for each follow: - Total Units Product Produced Total Direct Materials Costs Total Number of Parts Total Assembling Direct Labor Hours Standard desk 6,000 $ 150,700 119,000 6,100 Unpainted desk 3,000 $ 77,800 29,000 1,000 stribut Print Done follow an McKnight Corp. manufactures computer desks in its Nashville, Tennessee, plant. The company uses activity-based costing to allocate at manufacturing conversion costs (red labor and managed acute and related data Click the icon to view the activity areas and related data) Read the requirements Requirement 1. Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks (Complete al input feids. Enter a "for any zero amounts. Round your answers to the ceart whole dollar) Direct materials Materials handling Assembling Painting Total manufacturing cost Number of units Standard Desk Unpainted Desk 150700 72800 Manufacturing cost per unit Requirement 2. Premanufacturing activites, such as product design, were assigned to the Standard desks at $7 each and to the Unpointed desks at $5 each many we conducted of manufacturing activities such as du making and customer service. The post manufacturing costs were $22 per Standard and 519 per Unpainted desk Compute the full product costs Standard Desk Unpainted Desk Full product cost per unit Requirement 3. Which oroduct costs are record in the exam facial statements? Which costs are ed decon making? Expen the de Number of units Manufacturing cost per unit Requirement 2. Premanufacturing activities, such as product design, were assigned to the Standard desks at $7 each and to the Unpainted desks at $5 each Similar analyses were conducted of post-manufacturing activities such as diabibution marketing, and customer service. The post-manufacturing costs were $22 per Standend and $19 per Unpainted desk. Compute the full product costs per Standard Desk Unpainted Desk Full product cost per unit Requirement 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference are reported in the financial statements Managers use for decisions such as pricing and jroduct emphasis. Full product costs include the that are expensed as incurred for extermal reporting. However, these costs often are Requirement 4. What price should McKnight's managers set for Standard desks to eam a $41 profit per desk? Bales price per unit standard desk