I cancelled out one question. do this one
2. Parker Company uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year manufacturing overhead and direct labor-hours were estimated at $50,000 and 20,000 hours, respectively, for the year. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour. Required: Job # 461 contained 100 units. Determine the unit product cost of Job # 461. 3. Barnette Corporation has an activity-based costing system with three activity cost pools-Processing. Setting Up, and Other. The company's overhead costs, which consist of factory utilities and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Costs in the Processing cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches. Costs in the Other cost pool are not assigned to products. Data concerning the two products and the company's costs and activity-based costing system appear below Factory ubilities (total) Indirect labor (total). $78,000 $2,000 Distribution of Resource Consumption Across Activity Cost Pools Processing Setting Up 0.20 Other 0.20 0.30 Factory utilities. Indirect labo 0.50 Product H9.. Product V2.. Total. Batches SHW 000 0 000 GT 000 00 0030 00L 000 Product V2 6H onpo Sales (total). Direct materials (total) Direct labor (total). $229,700 $115,500 $83,400 $226,000 $114,900 $56,400 Required: a. Assign overhead costs to activity cost pools using activity-based costing. b. Calculate activity rates for each activity cost pool using activity-based costing. c. Determine the amount ofoverhead cost that would be assigned to each product using activity-based costing. d. Determine the product margins for each product using activity-based costing. activity-based costing system with three activity cost 3. Barnette Corporation has an pools-Processing. Setting Up, and Other. The company's overhead costs, which consist of factory utilities and indirect labor, are allocated to the cost pools in proportion to the activity cost pools' consumption of resources. Costs in the Processing cost pool are assigned to products based on machine-hours (MHs) and costs in the Setting Up cost pool are assigned to products based on the number of batches.Costs in the Other cost pool are not assigned to products. Data concerning the two products and the company's costs and activity-based costing system appear below: Factory utilities (total) Indirect labor (total). $78,000 $2,000 Distribution of Resource Consumption Across Activity Cost Pools Processing Setting Up Other 0.30 0.20 0.30 Factory utilities Indirect labor 0.50 0.50 .. 0.20 ww.. Batches 300 MHs 5,000 15,000 20,000 Product H9. Product V2.. Total... 700 1.000 Product V2 $226,000 $114,900 $56,400 Product H9 $229,700 $115,500 $83,400 Sales (total)... Direct materials (total) Direct labor (total). Required: a. Assign overhead costs to activity cost pools using activity-based costing. D.Calculate activity rates for each activity cost pool using activity-based costing. .Determine the amount of overhead cost that would be assigned to each product using activity-based costing. d. Determine the product margins for each product using activity-based costing
