Help Save & Exit Submit Submit Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Direct materials Direct labor Overhead (using plantwide rate) Total product cont Units produced Product cost per unit Rounded Edge Squared Edge $ 42,000 $ 54,000 14,000 36,000 48,600 91,400 $ 104,600 $ 181,400 14,000 18,000 $ 7.47 $ 10.08 Total $ 96,000 50,000 140,000 $ 286,000 Northwest's controller wants to apply activity-based costing to allocate the $140,000 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Usage Activity Budgeted cost Activity Cost Driver Rounded Edge squared Edge Total Purchasing $ 7,400 Purchase orders 209 orders 531 orders 740 orders Depreciation of machinery 72.600 Machine hours 500 hours 1,500 hours 2.000 hours Setup 60,000 Setups 40 stupe 210 setupa 250 setups Total $ 140,000 Required: 1. Compute the activity rate for each activity using activity-based costing 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 the strah hati Northwest's controller wants to apply activity-based costing to allocate the $140,000 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional information is collected. Activity Usage Activity Budgeted Cost Activity Coat Driver Rounded Edge Squared Edge Total Purchasing $ 7,400 Purchase orders 209 orders 531 orders 740 orders Depreciation of machinery 72,600 Machine hours 500 hours 1,500 hours 2,000 hours Setup 60.000 Setup 40 setups 210 netups 250 setups Total $ 140,000 -45:29 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity based costing. 3. Determine product cost per unit for each of the two products using activity-based costing, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Activity Rate Purchasing Depreciation Setup ured Required 2 > RA 0 W H 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute overhead cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Overhead cost per unit-Rounded Edge Activity Activity Usage Activity Rate Allocated Cost Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit + Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Squared Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit Activity Purchasing Depreciation of machinery Setup Total Budgeted Cost $ 7,400 72,600 60,000 $ 140,000 Activity Cost Driver Purchase orders Machine hours Setups Rounded Edge 209 orders 500 hours 40 setups Activity Usage Squared Edge 531 orders 1,500 hours 210 setups Total 740 orders 2,000 hours 250 setups Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing, (Round Intermediate calculations and final answers to 2 decimal places). Per Unit Direct Materials Direct Labor Overhead Product Cost per Unit Rounded Edge Squared Edge
