I need questions 2,3,and 8
Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows Work Home $ 37 18 356 $ 70 Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month 567 320 units 780 units Harbour has monthly overhead of $191,880, which is divided into the following cost pools Setup costs Quality control Maintenance $ 73,920 60,160 57,800 Total $191,880 The company has also compiled the following information about the chosen cost drivers Number of setups Number of inspections Number of machine hours Home Work Total 96 330 310 640 1,200 2,200 3,400 42 54 Required: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations.) Home Model Work Model Total Overhead Cost Overhead Assigned 67,728 124,168 191,896 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost $ 141.83 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system (Round your intermediate calculations and final answers to 2 decimal places.) 2 decimal places required Gross Margin$214.17 4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system. Setup Costs Setups Quality Control Inspections Maintenance Machine Hours 770 94.00 17 $ 5. Assuming an ABC system, assign overhead costs to each product based on activity demands Overhead Assigned To Home Overhead Assigned To Work Setup Costs Quality Control Maintenance Total Overhead Cost 32,340 $ 31,020 $ 20,400 83,760 $ 41,580 29,140 37,400 108,120 6. Calculate the production cost per unit for each of Harbour's products in an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost 162.38 $ 440.87 7. Calculate Harbour's gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Gross Margin $ 193.61[$ 126.12 7. Calculate Harbour's gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Gross Margin S 193.61$ 126.12 8. Compare the gross margin of each product under the traditional system and ABC. (Round your answers to 2 decimal places.) Home Work Gross Margin (Traditional) Gross Margin (ABC) 214.18 $ 193.61$ 126.12
