I need help with parts 1 through 5 in this problem please!
3. Assume the market price of the pup tent is $73 and the market price of the pop-up tent is $140, determine the gross profit/loss per unit for each tent assuming overhead is assigned using the plantwide rate.
Tent Master produces two lines of tents sold to outdoor enthusiasts. The tents are cut to specifications in department A. In department B the tents are sewn and folded. The activities, costs, and drivers associated with these two manufacturing processes and the company's production support activities followw Activity Overhead cost Driver Quantity 1,040 13,600 3,300 Process Pattern alignment Cutting Moving product $ 117,520 55,760 155,100 $ 328,380 $ 489,600 40,500 82,215 $612,315 $ 720,000 18,800 294,000 $1,032,800 Batches Machine hours Moves Department A Direct labor hours Inspections Units 5,760 750 30,450 Department B Sewing Inspecting Folding Design Providing space Materials handling Modification orders Square feet Square yards 400 9,400 840,000 Support Additional production information on the two lines of tents follows Pup Tent Pop-Up Tent 10,150 units 2,200 moves Units produced Moves Batches Number of inspections Machine hours Direct labor hours Modification orders Space occupied Material required 20,300 units 1,100 moves 260 batches 780 batches 300 inspections 7,600 MH 3, 600 DLH 450 inspections 6,000 MH 2,160 DLH 100 modification orders 300 modification orders 4,700 square feet 470,000 square yards 4,700 square feet 370,000 square yards 1. Using a plantwide overhead rate based on direct labor hours, compute the overhead cost that is assigned to each pup tent and each pop-up tent. (Round your intermediate calculations and final answers to 2 decimal places.) Activity Driver OH Cost per unit Overhead Assigned Plantwide OH rate Total Overhead Cost Units Produced Pup Tent Pop-Up Tent 2. Using the plantwide overhead rate, determine the total cost per unit for the two products if the direct materials and direct labor cost is $16 per pup tent and $21 per pop-up tent. (Round your intermediate calculations and answers to 2 decimal places.) Pup Tent Pop-Up Tent Materials and Labor per unit Overhead per unit Total cost per unit Complete the below table. (Round your intermediate calculations and answers to 2 decimal places.) 3. Assume the market price of the pup tent is $73 and the market price of the pop-up tent is $140, determine the gross profit/ loss per unit for each tent ass Market price Manufacturing cost per unit Gross profit (loss) per unit Will product line be retained or eliminated? 4. Using ABC, compute the total cost per unit for each tent if the direct labor and direct materials cost is $16 per pup tent and $21 per pop-up tent. (Round your intermediate calculations and final answers to 2 decimal places.) Pattern alignment Cutting Moving product Sewing Inspecting Folding Design Providing space Material handling Total Overhead Cost Overhead Assigned Activity Driver Activity rate Pup Tent Pattern alignment Cutting Moving product Sewing Inspecting Folding Design Providing space Material handling Pop-Up Tent Pattern alignment Cutting Moving product Sewing Inspecting Folding Design Providing space Material handling Total manufacturing costs Direct materials and direct labor Overhead Total manufacturing cost per unit Pup Tent Pop-Up Tent 5. Assume if the market price is $73 per pup tent and $140 per pop-up tent, determine the gross profit/loss per unit for each tent. Round your intermediate calculations and answers to 2 decimal places.) Market price Will product line be retained or eliminated
