Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ebook Calculator Product-Costing Accuracy. Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing

image text in transcribed
image text in transcribed
image text in transcribed
ebook Calculator Product-Costing Accuracy. Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular The following data have been gathered for these two products: Product-Related Data Scientific Business Units produced per year 77,000 770,000 Prime costs $245,000 $2,450,000 Direct labor hours 98.400 984,000 Machine hours 51,900 519,000 Production runs 100 150 Inspection hours 2,000 3,000 Maintenance hours 2.250 9,000 Department Data Department 1 Department 2 Direct labor hours: Scientific calculator 73,800 24,600 Business calculator 108.240 875.760 Total 182,040 900 360 Machine hours Scientific calculator 27,600 24,300 Business calculator 435.000 82.929 Total 463,680 107,220 Overhead costs: Norton Antivirus: 19.99/YEAR Your special price is valid today only My Work 4 more Check My Work uses remaining Norton Google Chrome.pro Install Open eBook Calculator Overhead costs: Setup costs Inspection costs Power $230,500 195,000 243,000 182.000 $850.500 $230,500 195,000 143,000 290.500 $859,000 Maintenance Total Required: 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours. Round your calculations and answers to the nearest cent. Plantwide rate per direct labor hour Overhead cost per unit: Scientific per unit Business per unit 2. Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Round departmental rates and the overhead cost per unit to the nearest cent if rounding is required. per machine hour Departmental rates: Department 1 Department 2 Overhead cost per unit: per direct labor hour Scientific per unit Business per unit Norton Antivirus: 19.99/YEAR Your special price is valid today on Google Chrome fanpreet Check My Work 4 more Check My Work uses remaining Norton Install Open Department 2. Round departmental rates and the overhead cost per unit to the nearest centif rounding is required. Departmental rates: Department per machine hour Department 2 per direct labor hour Overhead cost per unit: Scientific per unit Business per unit Repeat using direct labor hours for Department 1 and machine hours for Department 2. Round departmental rates and the overhead cost per unit to the nearest centrounding required Departmental rates Department Department 2 per direct labor hour per machine hour Overhead cost perunt: Scientific per unit Business per unit 3. Compute the overhead cost per unit for each product using activity-based costing. Round your calculations and answers to the nearest cent. Scientific Overhead Cost per unit per unit Business Check My Work 4 more Check My Work uses remaining Norton Norton Antivirus: 19.99/YEAR Your special price is valid today only Google Chrome fanpage Install Open

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions