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Id like help with all these problems please Exercise 17-11 Using ABC to assess prices LO P3 Way Cool produces two different models of air
Id like help with all these problems please
Exercise 17-11 Using ABC to assess prices LO P3 Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. Process Activity Components Changeover Machining Setups Finishing Welding Inspecting Rework Overhead Cost Driver Quantity Number of $ 509,550 batches 790 401,421 Machine hours 8,670 377,000 Number of setups 200 $1,287,971 $ 345,800 Welding hours 5,200 Number of 290, 700 855 inspections 46,750 Rework orders 170 $ 683,250 $ 195,525 Purchase orders 495 30,500 Number of units 9,000 Support Purchasing Providing space Providing utilities Number of units 9,000 143,200 369, 225 $ Additional production information concerning its two product lines follows. Model 145 Model 212 3,000 6,000 1,600 3,600 395 395 455 400 Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders 3,350 100 70 330 5, 320 100 100 165 Required: 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $190 for Model 145 and $116 for Model 212. 3. If the market price for Model 145 is $546.17 and the market price for Model 212 is $328.59, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimal places.) Model 145 Activity Overhead driver incurred assigned Expected Costs Model 212 Activity Overhead driver incurred assigned Activity Expected Activity Activity Rate Components Changeover $ 509,550 401,421 Number of 790 batches Machine 8,670 hours 200 Setups 377,000 Machining Setups Finishing Welding Inspecting Rework $ 345,800 290,700 5,200 Welding hours 855 Inspections Rework 170 orders 46,750 Support Purchasing Providing space and utilities $ 195,525 Purchase 495 orders 9,000 Units 173,700 $ 0 $ 0 Total overhead cost Total units produced Overhead cost per unit Required 1 Required 2 > Required: 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $190 for Model 145 and $116 for Model 212. 3. If the market price for Model 145 is $546.17 and the market price for Model 212 is $328.59, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $190 for Model 145 and $116 for Model 212. (Round your final answers to 2 decimal places.) Model 145 Model 212 Materials and Labor per unit Overhead cost per unit Total cost per unit Required: 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $190 for Model 145 and $116 for Model 212. 3. If the market price for Model 145 is $546.17 and the market price for Model 212 is $328.59, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 If the market price for Model 145 is $546.17 and the market price for Model 212 is $328.59, determine the profit or loss per unit for each model. (Round your final answers to 2 decimal places.) Show less Model 145 Model 212 Price per unit Cost per unit Profit (loss) per unitStep by Step Solution
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