Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help ASAP please Lawton Corp,manulactures computer dosoks in its Austin, Texas, plant. The company uses activity-based costing to alcateal manufacturing conversion coss (dinec labor and

Help ASAP please
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Lawton Corp,manulactures computer dosoks in its Austin, Texas, plant. The company uses activity-based costing to alcateal manufacturing conversion coss (dinec labor and manufacturing overhead). Its activities and related data follow EEB (Click the loon to view the activity areas and related data ) Requirements 1 Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks. activitios, such as product design, were assigned to the Standard desks at $6 each and to the Unpainted desks at $2 each Similar analyses and customer service. The post-manufacturing costs were $24 per Standard and were conducted of post-manufacturing activities, such as distribution, marketing 20 per Unpainted desk. Compute the full product costs per desk. Which product costs are reported in the external financial statements? What prioe should Lawton's managers set for Standard desks to eam a $41 profitper desk? Which costs are used for management decision making? Explain the dference Requirement 1. Compute the per-unit manufacturing product cost of amounts. Round your answers to the nearest whole dollar.) Standard desks and Unpainted desks. (Complete al input boxes. Entor a "0 for any zaro Standard Desk Unpainted Desk Direct materials nts for a Ove Materials handling Painting Total manufacturing cost Number of units Manufacturing cost per unit Choose from any list or enter any number in the innut fieite and Requirement 2. Premanufacturing activities, such as product analyses were conducted of and $20 per Unpainted desk. Compute the full product costs per desk design, were assigned to the Standard desks at $6ea and to the Unpainted desks at $2 each. Similar uch os distribulion, marketing, and oustomer service. The posting rd activisos such Standard Desk Unpainted Desk nts for a Overall Score 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 ro repotad in th tancal satmntsManagers sefor dedisions such as priongand produt for decisions such as pricing and product emphasis. Full product costs include the hese costs often are that are expensed as incurred for extemal reporting. However, Requirement 4. What price should Lawton's managers set for Standard desks to eam a $41 profit por desk? Sales price per unit- standard desk Choose from any list or enter any number in the input fields and then continue to the next question. orp. manufactures omnuter dosksinits A t the loon to view Data Table ments pute the per-unit m manufacturing activi e conducted of post per Unpainted desk ch product costs are at price should Law Budgeted Cost of Activity 2 each. Similar anal were $24 per Stand Cost Activity Materials handling.. .$ 330,000 Number of parts Assembling 2,200,000 Direct labor hours Painting $ Allocation Base Allocation Rate 0.70 3.00 4.80 n the difference. 150,000 Number of painted desks ment 3. Which prod Explain the diffe Lawton produced two styles of desks in March: the Standard desk and Unpainted desk. Data for each follow pricing and product tenal reporting. Howe is. Full product costs osts often are Total Total Direct Total Total Assembling Units Materials Number Direct Labor Product Standard desk. Unpainted desk. ement 4. What price Produced Costs of Parts Hours 6,000 S139,550119,500 6,000 700 1,500 $7,750 29,500 price per unit-standa Print Done e from any list or entrany mmer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Facilities Managers Reference Management Planning Building Audits Estimating

Authors: Harvey H. Kaiser

1st Edition

0876291426, 978-0876291429

More Books

Students also viewed these Accounting questions