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HELP Harbour has monthly overhead of $180,960, which is divided into the following activity pools: The company also has complled the following information about the
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Harbour has monthly overhead of $180,960, which is divided into the following activity pools: The company also has complled the following information about the chosen cost drivers: Requlred: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product IIne. 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. 3. Calculate Harbour's gross margin per unlt for each product under the traditional costing system. 4. Select the approprlate cost driver for each activlty pool and calculate the actlvity rates if Harbour wanted to Implement an ABC system. 5. Assuming an ABC system, assign overhead costs to each product based on actlvity demands. 6. Calculate the production cost per unit for each of Harbour's products In an ABC system. 7. Calculate Harbour's gross margin per unlt for each product under an ABC system. 8. Compare the gross margin of each product under the traditional system and ABC. Complete this question by entering your answers in the tabs below. Assuming an ABC system, assign overhead costs to each product based on activity demands. Harbour has monthly overhead of $180,960, which is divided into the following activity pools: The company also has complled the following information about the chosen cost drivers: Requlred: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product IIne. 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. 3. Calculate Harbour's gross margin per unlt for each product under the traditional costing system. 4. Select the approprlate cost driver for each activlty pool and calculate the actlvity rates if Harbour wanted to Implement an ABC system. 5. Assuming an ABC system, assign overhead costs to each product based on actlvity demands. 6. Calculate the production cost per unit for each of Harbour's products In an ABC system. 7. Calculate Harbour's gross margin per unlt for each product under an ABC system. 8. Compare the gross margin of each product under the traditional system and ABC. Complete this question by entering your answers in the tabs below. Assuming an ABC system, assign overhead costs to each product based on activity demandsStep by Step Solution
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