Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:

Home

Work

Direct materials cost per unit

$

36

$

70

Direct labor cost per unit

23

40

Sales price per unit

367

573

Expected production per month

730

units

480

units

Harbour has monthly overhead of $189,240, which is divided into the following cost pools:

Setup costs

$

83,160

Quality control

64,080

Maintenance

42,000

Total

$

189,240

The company has also compiled the following information about the chosen cost drivers:

Home

Work

Total

Number of setups

44

55

99

Number of inspections

300

420

720

Number of machine hours

1,500

1,500

3,000

Required:

1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.)

Overhead Assigned

Home Model:

Work Model:

Total Overhead Cost

2. Calculate the production cost per unit for each of Harbours products under a traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.)

Home

Work

Unit Cost

3. Calculate Harbours gross margin per unit for each product under the traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.)

Home

Work

Gross Margin

4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system.

Setup Costs

Quality Control

Maintenance

5. Assuming an ABC system, assign overhead costs to each product based on activity demands.

Overhead Assigned

To Home

Overhead Assigned

To Work

Setup Costs

Quality Control

Maintenance

Total Overhead Cost

6. Calculate the production cost per unit for each of Harbours products in an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.)

Home

Work

Unit Cost

7. Calculate Harbours gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.)

Home

Work

Gross Margin

8. Compare the gross margin of each product under the traditional system and ABC. (Round your answers to 2 decimal places.)

**Only need help with #5-8 please!**

Will rate!!

4 Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production Information follows: 4 points Direct materials cost per unit Direct labor coat per unit Sales price per unit #xpected production per month Home work 9 36 $ 70 23 40 367 573 730 unito 480 unita OLOR:10 Harbour has monthly overhead of $189,240, which is divided into the following cost pools: Book Setup costa Quality control Maintenance Total $ 83,160 64,000 42.000 $189.240 References The company has also compiled the following information about the chosen cost drivers: Hone Work Total Number of setups 44 55 99 Number of Inspections 300 420 720 Number of machine hour 1,500 1,500,000 Required: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Home Model: Work Model: Total Overhead Cost Overhead Assigned 94,620 $ 94,620 S 189.240 SOV 4 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. (Round your Intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost $ 188.625 307.13 points OS Do 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system(Round your intermediate calculations and final answers to 2 decimal places.) References Gross Margin Home 178.385 Work 265.87 4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system $ Setup Conte Quality Control Maintenance Setups Inspections Machine Hours 140 89 $ $ 14 4 4 Dots 5. Assuming an ABC system, assign overhead costs to each product based on activity demands. 04:0701 Overhead Assigned To Home Overhead Assigned To Work toon Setup Costs Quality Control Maintenance Total Overhead Cost $ 0 $ References 6. Calculate the production cost per unit for each of Harbour's products in an ADC system. (Round your Intermediate calculations and final answers to 2 decimal places) Home Work Unit Cou References 7. Calculate Harbour's gross margin per unit for each product under on ABC system (Round your intermediate calculblons and final answers to 2 decimal places.) Home Work Gross Margin 1. Compare the gross margin of each product under the traditional system and ABC, (Round your answers to 2 decimal places.) Work Gross Marin (Traditional) Cro Marin (ADC)