Exercise 4-11 (Algo) Computing product cost per unit using plantwide method and activity-based costing LO P1, P3 Consider the following data for two products of Vigano Manufacturing Bageted Activity Cost Activity Driver Machine setup $11. (20 machine setups Parts handling (16.1 ports Quality inspections 13, 2018 insections) Total budgeted overhead $33, Unit Information Units produced Direct saterials cost Direct labor cost Direct labor hours Product 2,100 units 32 peenit per unit 2 per unit Product 220 nits pecuni 3151 den 2150 per aces 1. Using a plantwide overhead rate based on 2.750 direct labor hours, compute the total product cost per unit for each product 2. Consider the following additional information about these two products, activity bosed costing is used to allocate overhead cost, (a) compute overhead activity rates. (b) allocate overhead cost to Product A and Product and compute overhead cost per unit for each, and compute product cost per unit for each Actor Activity Usage Setups Parts Inspections Product setups 10,000 parts 40 inspections Product 12 Setups 6.000 parts 60 inspections Complete this question by entering your answers in the tabs below. Required Required 2 Using a plantwide overhead rate based on 2.750 direct labor hours, compute the total product cost per unit for each product Direct Materials Direct Labor Overhead Product Cost per Unit Per Unit Product Producte Required2 > Exercise 4-19 (Algo) Activity-based costing to compute activity rates, overhead cost per unit, and product cost per unlt LO P3 Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data Hounded Edge Squared Edge Total Direct materials 340,000 $ 52,80 593,600 Direct labor 13,500 35,200 18,0 Overhead (using plantwide rate) 47,000 89,100 136,800 Total product cost $ 101,800 $ 127,40 $ 279,200 Units produced 13,600 17,600 Product cost per unit $ 7,49 3.10.08 Northwest's controller wants to apply activity-based costing to allocate the $136,800 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals Its actual activity usage for the period. The following additional Information is collected Activity Ore Activity Budgeted Cost Activity Cost Deiver Rounded Edige Squared Edge Total Purchasing $7,200 Purchase orders 199 orders 521 orders 728 orders Depreciation of machinery 71,00 Machine hours 500 hours 1,500 hours 2,000 hours Setup 58,600 Setups 40 Setups 210 setups 25 setups Total $ 136,00 Required: 1. Compute the activity rate for each activity using activity-based costing 2. Compute overhead cost per unit for each of the two products using activity-based costing 3. Determine product cost per unit for each of the two products using activity-based costing, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Compute the activity rate for each activity using activity-based conting (Round "Activity rate to 2 decimal places.) Activity Elgeted Cout Budgeted Activity Usage Activity Route Purchasing Depreciation Se Required 2 >
