Hone Corp. manufactures computer desks in its Topeka, Kansas, plant. The company uses activity-based costing to allocate all manufacturing conversion costs (direct labor and manufacturing overhead). Its activities and related data follow. (Click the icon to view the activity areas and related data.) Read the requirements. Requirement 1. Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks. (Complete all input fields. Enter a "O" for any zero amounts Data Table -X Standard Desk Unpainted Desk h. Direct materials Materials handling Assembling Painting Total manufacturing cost Budgeted Cost of Cost Allocation Activity Activity Allocation Base Rate Materials handling $ 200,000 Number of parts $ 0.60 Assembling $ 2,400,000 Direct labor hours $ 17.00 Painting $ 160,000 Number of painted desks $ 5.20 Hone produced two styles of desks in March: the Standard desk and Unpainted desk. Data for . each follow: Number of units Manufacturing cost per unit Requirement 2. Premanufacturing activities, such as product design, were assigned to the Standard desks at 50 each and to the Unpainted desks at $5 each. Similar costs were $23 per Standard and $10 per Unpainted desk. Compute the full product costs per desk. Total Number of Parts Total Assembling Direct Labor Hours e The post-manufacturing Product Total Units Total Direct Produced Materials Costs 7,000 S 1774400 1.500 21.600 Standard desk 121.000 5.800 Standard Desk Unpainted Desk Unpainted desk 31,000 900 Print Done 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. 7 for decisions suon as pricing and product emphasis. Full product costs include the that are expensed as incurred for external are reported in the financial statements. Managers use reporting. However, these costs often are Requirement 4. What price should Hone's managers set for Standard desks to eam a $42 profit per 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 11:00 AM ) E 5 of 10 ( complete) This Test: 10 pts possible Hone Corp. manufactures computer desks in its Topeka, Kansas, plant. The company uses activity-based costing to allocate all manufacturing conversion costs (direct labor and manufacturing overhead). Its activities and related data follow, Click the icon to view the activity areas and related data.) Read the requirements. Requirement 1. Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks. (Complete all input fields. Enter a "0" for any zero amounts. Round your answers to the nearest whole dollar.) Standard Desk Unpainted Desk Direct materials Materials handling Assembling Painting Total manufacturing cost Number of units Manufacturing cost per unit Requirement 2. Premanufacturing activities, such as product design, were assigned to the Standard desks at 58 each and to the Unpainted desks at $5 each. Similar analyses were conducted of post-manufacturing activities such as distribution, marketing, and customer service. The post-manufacturing costs were $23 per Standard and $19 per Unpainted desk. Compute the full product costs per desk. Standard Desk Unpainted Desk 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 for decisions such as pricing and product emphasis. Full product costs include the that are expensed as incurred for external are reported in the financial statements. Managers use reporting. However, these costs often are Requirement 4. What price should Hone's managers set for Standard desks to earn a $42 profit per 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 11:00 AM