Fill in the blanks
Chapter 4 Lab PB 4-4 190 Enter formulas or descriptions in these fields Given Data: Junior Ex Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected unit production per moi $92 1Overhead assigned to each product under traditional costing system 5390 4000 $75 615 9000 Traditional costing overhead rate Junior Total Total 146 1650 1000 Cost Drivers Junior Ex Traditional Overhead applied Number of setups required Number of inspections Number of Machine hours Number of 60 975 350 engineering hours352 86 675 2 Calculate the traditional product cost 612 Junior Ex Material Labor Overhead Overhead Costs $136,364 $163,020 $78,840 $106,522 $484,746 Total Product Cost Overhead Cost Pools: Setups Quality Control Maintenance Engineering 3 Calculate Gross Margin per Junior Ex Sales CoGS Gross Margin 4 Calculate Activity Rates Cost Poo OH costs Driver Vol Rate Quality Control Maintenance Engineering Total activity overhead Junior Ex Total Quality Control Maintenance Engineering Total Overhead Per Unit OH 6 Calculate per unit ABC cos Junior Material Labor Overhead Total Product Cost 7 Calculate Gross Margin for ABC costing Ex Sales CoGS Gross Margin Traditional Gross Margin 8 Gross Margin Differences Chapter 4 Lab PB 4-4 190 Enter formulas or descriptions in these fields Given Data: Junior Ex Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected unit production per moi $92 1Overhead assigned to each product under traditional costing system 5390 4000 $75 615 9000 Traditional costing overhead rate Junior Total Total 146 1650 1000 Cost Drivers Junior Ex Traditional Overhead applied Number of setups required Number of inspections Number of Machine hours Number of 60 975 350 engineering hours352 86 675 2 Calculate the traditional product cost 612 Junior Ex Material Labor Overhead Overhead Costs $136,364 $163,020 $78,840 $106,522 $484,746 Total Product Cost Overhead Cost Pools: Setups Quality Control Maintenance Engineering 3 Calculate Gross Margin per Junior Ex Sales CoGS Gross Margin 4 Calculate Activity Rates Cost Poo OH costs Driver Vol Rate Quality Control Maintenance Engineering Total activity overhead Junior Ex Total Quality Control Maintenance Engineering Total Overhead Per Unit OH 6 Calculate per unit ABC cos Junior Material Labor Overhead Total Product Cost 7 Calculate Gross Margin for ABC costing Ex Sales CoGS Gross Margin Traditional Gross Margin 8 Gross Margin Differences
