Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow . Process Assembly Activity Machining Setups Budgeted Cost 279,000 24,000 $303,000 Activity Cost Driver Machine hours (MH) Setups Budgeted Activity Usage 6,000 120 Finishing $210,000 Inspections 700 Inspecting Purchasing Support135,000 Purchase orders 450 Additional production information concerning its two models follows. Units and Activities Units produced Machine hours Setups Inspections Purchase orders Model X 1,724 1,800 40 Model 3,463 4,200 80 300 150 400 300 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model X 420 100 150 Model $ 400 90 160 1. Compute the activity rate for each activity using activity -based costing. 2. Using activity-based costing , compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model 4. For each model , compute the gross profit per unit (selling price per unit minus product cost per unit).

8 111 points eBlock Het Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. Process Assembly Finishing Support Activity Budgeted Cost Machining $ 279,000 24,000 Setups $ 303,000 $ 210,000 $ 135,000 Inspecting Purchasing Inspections Purchase orders Units and Activities Units produced Machine hours Setups Pont References Additional production information concerning its two models follows Model X 1,724 1,800 40 400 300 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model Z 3,463 4,200 88 300 150 Model X $ 420 100 150 Activity Cost Driver Machine hours (M) Setups Inspections Purchase orders Model 2 $ 400 90 160 Budgeted Activity Usage 6,000 120 700 450 Check my work 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Direct labor cost per unit 150 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Budgeted Cost Budgeted Activity Usage Activity Rate Activity 160 Machining Setups Inspecting Purchasing Required Required 2 > 8 1.11 points ebook Hi Pri References Mc Required 1 Required 2 Required 4 Using activity-based costing, compute the overhead cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Overhead cost per unit-Model X Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Required 3 Overhead cost per unit-Model Z Activity Machining Setups Inspection Purchasing Total allocated cost Units produced Overhead cost per unit Activity Usage Activity Usage Required 1 Drak 869 Activity Rate Activity Rate Required 3 > # Next 3 Allocated Cost Check my work Allocated Cost s look Hit Print erences 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model.. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total product cost per unit for each model. (Do not round intermediate calculations.) Direct Materials Direct Labor Per Unit Required 3 Required 4 Model X Model Z 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). (Do not round intermediate calculations. Negative amounts should be indicated with a minus sign.) Selling Price Product cost per unit Gross Profit Per Unit Model X Model Z Process Assembly Finishing Support Activity Inspections Purchase orders Machining Setups Inspecting Purchasing Budgeted Cost $ 279,000 24,000 $ 303,000 $ 210,000 $ 135,000 Additional production information concerning its two models follows. Units and Activities Model X Units produced 1,724 Machine hours Setups 1,800 40 400 300 Per Unit Selling price per unit Direct materials cost per unit Direct labor cost per unit Model Z 3,463 4,200 80 300 150 Activity Cost Driver Machine hours (MH) Setups Model X $ 420 100 150 Inspections Purchase orders Model Z $ 400 90 160 Budgeted Activity Usage 6,000 120 700 450