Answered step by step
Verified Expert Solution
Question
1 Approved Answer
HELP WITH ACCOUNTING This is a all one big question. It is in check your work mode so everything with a check is correct, and
HELP WITH ACCOUNTING
This is a all one big question. It is in "check your work" mode so everything with a check is correct, and everything with an "x" is wrong.
These two images are all the information you need to answer the questions. ^
These two images are all part of "Required 1" ^
This is part of "Required 2" ^
This is a part of "Required 3" ^. As you can see, this is all one question - #8. Please help.
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 00 Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. 10 points Process Activity Components Changeover Machining Setups Driver Number of batches Machine hours Number of setups Quantity 800 6,000 120 Finishing Welding Inspecting Rework Overhead Cost $ 500,000 279,000 225,000 $1,004,000 $ 180,300 210,000 75,000 $ 465,300 $ 135,000 32,000 65,000 $ 232,000 Welding hours Number of inspections Rework orders 3,000 700 300 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 450 5,000 5,000 Additional production information concerning its two product lines follows. Model 145 Model 212 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 00 Additional production information concerning its two product lines follows. Model 145 1,500 800 400 400 10 points Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 212 3,500 2,200 400 300 4,200 60 140 150 1,809 60 160 300 Required: 1. Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base your overhead assignment for the components department on machine hours. Use welding hours to assign overhead costs to the finishing department. Assign costs to the support department based on number of purchase orders. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $250 for Model 145 and $180 for Model 212. 3. If the market price for Model 145 is $820 and the market price for Model 212 is $480, determine the profit loss per unit for each model. Answer is not complete. Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to que: 00 Required 1 Required 2 Required 3 10 points Determine departmental overhead rates and compute the overhead cost per unit for each product line. Base your overhead assignment for the components department on machine hours. Use welding hours to assign overhead costs to the finishing department. Assign costs to the support department based on number of purchase orders. (Round your intermediate calculations and per unit cost answers to 2 decimal places.) Show less Components department Overhead costs 283.55 per machine hour x $ 1,701,300 6,000 155.10 per welding hour Machine hours Finishing department Overhead costs Welding hours Support department Overhead costs Number of purchase orders $ 465,300 $ 3,000 515.56 per purchase order $ 232.000 $ 450 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate con Retu 8 model. X Answer is not complete. 10 points Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $250 for Model 145 and $180 for Model 212. (Round your intermediate calculations and cost per unit answers to 2 decimal places.) Model 145 Model 212 $ 250.00 $ 180.00 Materials and Labor per unit Overhead cost per unit Total cost per unit 340.26 X 590.26 340.26 X 520.26 $ $ Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to ques 8 model. X Answer is not complete. 10 Complete this question by entering your answers in the tabs below. points Required 1 Required 2 Required 3 If the market price for Model 145 is $820 and the market price for Model 212 is $480, determine the profit or loss per unit for each model. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and final answers to 2 decimal places.) Market price per unit Cost per unit Profit (loss) per unit Model 145 $ 820.00 $ 512.28 X $ 887.72 Model 212 480.00 517.43 X 197.73 Screenshot saved The screenshot was ad OneDrive
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started