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I need the answers for 2A, 2B, and 2C please Java Source, Incorporated, (JSI) buys coffee beans from around the world and roasts, blends, and

I need the answers for 2A, 2B, and 2C please image text in transcribedimage text in transcribed

Java Source, Incorporated, (JSI) buys coffee beans from around the world and roasts, blends, and packages them for resale. Some of JSI's coffees are very popular and sell in large volumes, while a few of the newer blends sell in very low volumes. JSI prices its coffees at manufacturing cost plus a markup of 25%. For the coming year, JSI's budget includes estimated manufacturing overhead cost of $3,120,200. JSI assigns manufacturing overhead to products on the basis of direct labor-hours. The expected direct labor cost totals $552,000, which represents 46,000 hours of direct labor time. The expected costs for direct materials and direct labor for one-pound bags of two of the company's coffee products appear below. Kenya Dark $ 4.10 Direct materials Viet Select $ 3.40 $ 0.36 Direct labor (0.030 hours per bag) $ 0.36 JSI's controller believes that the company's traditional costing system may be providing misleading cost information. To determine whether or not this is correct, the controller has prepared an analysis of the year's expected manufacturing overhead costs, as shown in the following table: Expected Activity for the Year Expected Cost Activity Cost Pool Purchasing 1,690 orders 1,800 setups for the Year $ 473,200 702,000 Material handling Quality control Activity Measure Purchase orders Number of setups Number of batches Roasting hours. Blending hours Packaging hours 620 batches 155,000 Roasting 95,600 roasting hours 1,147,200 Blending 332,000 33,200 blending hours 25,900 packaging hours Packaging 310,800 Total manufacturing overhead cost $ 3,120,200 Data regarding the expected production and sales of Kenya Dark and Viet Select coffee are presented below. Kenya Dark Viet Select Expected production and sales Batch size 100,000 pounds 10,000 pounds 3,000 pounds 600 pounds Setups 4 per batch 20,000 pounds 4 per batch 600 pounds Purchase order size Roasting time per 100 pounds 1.5 roasting hours. 0.5 blending hours Blending time per 100 pounds Packaging time per 100 pounds 0.3 packaging hours 1.5 roasting hours. 0.5 blending hours. 0.3 packaging hours Data regarding the expected production and sales of Kenya Dark and Viet Select coffee are presented below. Expected production and sales. Kenya Dark 100,000 pounds 10,000 pounds 4 per batch 20,000 pounds Viet Select 3,000 pounds 600 pounds Batch size Setups 4 per batch 600 pounds Purchase order size Roasting time per 100 pounds 1.5 roasting hours Blending time per 100 pounds 1.5 roasting hours 0.5 blending hours 0.3 packaging hours 0.5 blending hours Packaging time per 100 pounds 0.3 packaging hours Required: 1. Using direct labor-hours as the manufacturing overhead cost allocation base, do the following: a. Determine the plantwide predetermined overhead rate that will be used during the year. b. Determine the unit product cost of one pound of Kenya Dark coffee and one pound of Viet Select coffee. 2. Using the activity-based absorption costing approach, do the following: a. Determine the total amount of manufacturing overhead cost assigned to Kenya Dark coffee and to Viet Select coffee for the year. b. Using the data developed in (2a) above, compute the amount of manufacturing overhead cost per pound of Kenya Dark coffee and Viet Select coffee. c. Determine the unit product cost of one pound of Kenya Dark coffee and one pound of Viet Select coffee. Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Required 2C Using the activity-based absorption costing approach, determine the total amount of manufacturing overhead cost assigned to Kenya Dark coffee and to Viet Select coffee for the year. Kenya Dark Viet Select Total amount of manufacturing overhead cost Required 2B >

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