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Requirement 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference. Manufacturing product costs , which include manufacturing costs only are reported in the financial statements. Managers use full product costs , which include costs of pre-manufacturing, manufacturing, and post-manufacturing activities , for decisions such as pricing and product emphasis. Requirement 4. What price should Owen's managers set for unfinished bookcases to earn a net profit of $16 per bookcase? To earn a net profit of \$16 per bookcase, Owen's managers should charge Data table Requirement 2 . Suppose that pre-manufacturing activities, such as product design, were assigned to the standard bookcases at $4 each and to the unfinished bookcases at $2 each. Similar analyses were conducted of post-manufacturing activities such as distribution, marketing, and customer service. The post-manufacturing costs were $24 per standard bookcase and $15 per unfinished bookcase. Compute the full product costs 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. Lawton produced two stvles of bookcases in October: the standard bookcase and ar Requirements 1. Compute the manufacturing product cost per unit of each type of bookcase. 2. Suppose that pre-manufacturing activities, such as product design, were assigned to the standard bookcases at $6 each and to the unfinished bookcases at $4 each. Similar analyses were conducted of post-manufacturing activities such as distribution, marketing, and customer service. The post-manufacturing costs were $20 per standard bookcase and $13 per unfinished bookcase. Compute the full product costs per unit. 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference. 4. What price should Lawton's managers set for unfinished bookcases to earn a net profit of $14 per bookcase? Lawton, Inc. manufactures bookcases and uses an activity-based costing system. Lawton's activity areas and related data follow: (Click the icon to view the activity areas and related data.) Lawton produced two styles of bookcases in October: the standard bookcase and an unfinished bookcase, which has fewer parts and requires no finishing. The totals for quantities, direct materials costs, and other data follow: (Click the icon to view the totals for quantities, direct materials costs, and other data.) Read the requirements. Requirement 1. Compute the manufacturing product cost per unit of each type of bookcase. (Enter a " 0 " for any zero-balances.) Lawton, Inc. manufactures bookcases and uses an activity-based costing system. Lawton's activity areas and related data follow: Requirement 1. Compute the manufacturing product cost per unit of each type of bookcase. (Enter a "0" for any zero-balances.) Data table