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I need help answering question 3a, 3b, 3c. Required information [The following information applies to the questions displayed below) Cary Company manufactures two models of
I need help answering question 3a, 3b, 3c.
Required information [The following information applies to the questions displayed below) Cary Company manufactures two models of industrial components-a Standard model and an Advanced Model. It has provided the following information with respect to these two products: Number of units produced and sold Selling price per unit Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Standard 20,000 $ 150 40 $ 30 1.50 Advanced 10,000 $ 200 $ 60 $ 30 1.50 The company considers all of its manufacturing overhead costs (S1,346,250) to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours. Click here to download the Excel template, which you will use to answer the questions that follow Click here for a brief tutorial.on Charts in Excel 3. Within the tab titled "Activity Based Approach" go to the section called "Product Margin Analysis." Create formulas (within cells 816 through C19) that calculate the amounts of overhead cost that should be allocated from each activity cost pool to each product. Also, create all of the formulas that are needed to compute the product margins for each product and the company as a whole (cells 821 through D21). a. What formulas correctly calculate the cost assignments from the Order Processing and Setups activities to the Advanced model? b. How much overhead cost is assigned from each of the four activities to the Standard and Advanced models? c. What is the product margin for the Standard model? The Advanced model? 3. Within the tab titled "Activity Based Approach, go to the section called "Product Margin Analysis. Create formulas within cells 816 through C19) that calculate the amounts of overhead cost that should be allocated from each activity cost pool to each product. Also, create all of the formulas that are needed to compute the product margins for each product and the company as a whole (cells 821 through D21) a. What formulas correctly calculate the cost assignments from the Order Processing and Setups activities to the Advanced model? b. How much overhead cost is assigned from each of the four activities to the Standard and Advanced models? c. What is the product margin for the Standard model? The Advanced model? Complete this question by entering your answers in the tabs below. Req 3A Reg 30 Reg 3C What formulas correctly calculate the cost assignments from the Order Processing and Setups activities to the Advanced model? Order Processing -C3-C6/G15 =C3+C6G15 -C3-CE'G15 C3/C6*G15 Setups -C3C8"C8*G20 ={C3+C6)*C8*620 CB/C6 C8-620 -C3/C6 C8*G20 TE Reg 3 > 5 3. Within the tab titled "Activity Based Approach," go to the section called "Product Margin Analysis. Create formulas (within cels B16 through C19) that calculate the amounts of overhead cost that should be allocated from each activity cost pool to each product. Also, create all of the formulas that are needed to compute the product margins for each product and the company as a whole cells 821 through D21) a. What formulas correctly calculate the cost assignments from the Order Processing and Setups activities to the Advanced model? b. How much overhead cost is assigned from each of the four activities to the Standard and Advanced models? c. What is the product margin for the Standard model? The Advanced model? Complete this question by entering your answers in the tabs below. Reg 3A Reg 38 Reg 3 How much overhead cost is assigned from each of the four activities to the Standard and Advanced models? Standard Model Advanced Model Assemble and pack Machining Order processing Setups Step by Step Solution
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