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Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow. table [ [

Ice Cool produces two different models of air conditioners. The activities, costs, and cost drivers associated with the production processes follow.
\table[[,Activity,udgeted Cost,Activity Cost Driver,\table[[Budgeted],[Activity]]],[Assembly,Machining,$311,000,Machine hours (MH),7,800],[Setups,26,000,Setups,60],[,$337,000,,],[Finishing,Inspecting,$226,000,Inspections,780],[Support,Purchasing,$132,000,Purchase orders,480]]
Additional production information concerning its two models follows.
\table[[,Model X,Model Z,],[Units and Activities,1,800,3,600,],[Units produced,2,200,5,600,],[Machine hours,20,40,],[Setups,500,280,],[Inspections,320,160,],[Purchase orders,,,],[Per Unit,Model X,Model Z,],[Selling price per unit,$415,$395,],[Direct materials cost per unit,145,120,],[Direct labor cost per unit,150,155,]]
For each model, compute the gross profit per unit (selling price per unit minus product cost per unit).(Round "Product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Negative amounts should be indicated with a minus sign.)
\table[[Per Unit,Selling Price,Product cost per unit,Gross Profit],[Model X,,,],[Model Z,,,]]
Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.)
\table[[Activity,Budgeted Cost,Budgeted Activity Usage,Activity Rate],[Machining,,,,,],[Setups,,,,,],[Inspecting,,,,,],[Purchasing,,,,,]]
Compute the total product cost per unit for each model. (Round "Activity Rate" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.)
\table[[Per Unit,Direct Materials,Direct Labor,Overhead,Product Cost per Unit],[Model X,,,,],[Model Z,,,,]]
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.)
\table[[Overhead cost per unit-Model X],[Activity,Activity Usage,Activity Rate,Allocated Cost],[Machining],[Setups],[Inspection],[Purchasing],[Total allocated cost],[Units produced],[Overhead cost per unit],[Overhead cost per unit-Model Z],[Activity,Activity Usage,Activity Rate,Allocated Cost],[Machining],[Setups],[Inspection],[Purchasing],[Total allocated cost],[Units produced],[Overhead cost per unit,,,]]
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