Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you could check my answers as well as solve the other two that would be much appreciated! I can't make the pictures any better.

If you could check my answers as well as solve the other two that would be much appreciated! I can't make the pictures any better. Sorry about that.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Search Daniel Colin Reven View Hep Table Design Layout Share Comments ACC Gr3 5 4 + . GA 5.21 RL15. Sere Li Ilome Insert Draw Design Layout Relererxes om Mailings X & at imes New Roman - A A A A Paste BIU seinte + v x == X AP CIF Font + U Sabbccrd Aitbach AaBbc Aablcul AaB COD AS A ESC-02 Ronra Nu Soleding 1 Heatiru 2 Subule Suvue Cu.. Crisis Ernplass Fira Realsce Select 2. 02 Tide CICATA Senty L Faltar FAISA -iles Eclto Rusa Flies Parach Stics Editing Sensatt Thornton Marine manufactures marine radios in three models: the 1600 model for the small boat enthusiast who will not venture far from shore, and the 2400 and 3600mlels for those with the need for more features, range, and sensitivity. Thomlon manufaclurcs only these three products. Thumlum uses a volunc-based costing system that is based on direct labor hours to allocate manufacturing overlicad costs to product line. Thornton has the following manufacturing overhead activities and the budgeted uverhead costs or the coming year: Activity Setup labor S Cost 230.000) 136,700) 740.200 Equipment Assembly Materials handling Purchasing Inspection 404 507 92,800 327.000 $ 1,931,200) Thornton is considering an ABC approach to allocate overhead costs to product lines and has selected the following cost drivers for each activity: Activity Setup labor Equipment Assembly Materials handling Purchasing Inspection Driver Number of setups Machine-hours Direct labor-hours Weight of materials Malcrials cast Number of orders shipped Panam DIA 3 + 1411 Type here to search OH 78F AQI 18 19:15 PM 7/25/2021 B Search Daniel Colin Reven View Hep Table Design Layout Share Comments ACC Gr3 5 4 + . GA 5.21 RL15. Sere Li Ilome Insert Draw Design Layout Relereres om Mailings X & at irres New Roman A A A A - Paste BIU seinte + v x x E = X AP } ; U aabbcced Abend AaBbc Aabloul AaB CD Ardo ABCO Ernsis Fira Realsce alcat 02 Noral No Sewing Hequiry2 Tide Subule CICATA Senty L Faltar FAISA -iles Eclto Rusa Flies CIF Font Parrach Stics Editing Sensatt Thornton also has the following budgeted production data for the three products: Units produced Selling price per unit Direct material cost per unit Direct labor hours per il Direct lubor cost per la S S Product Lines 1600 2400 9.000 3,700 200 S 350 $ 42 S 75 % -1 5 60 S 80 $ 3600 800 600 83 6 100 S Number of setups Machine hours Direct labor hours Weight of materials (pounds) Material cost Number of orders sluipped 16 57 000 300.000 1000 378.00 S 2(10) 42 50.000) 18,500) 12.000 277,500)* 42 9,000 1,800 5.000 66,00 750 S 1 Required: Panam DIA + 1411 Type here to search OH $ 9 78F AQI 18 19:15 PM 7/25/2021 B Search Daniel Colin Reven View Hle Table Design Layout Share Comments ACC Gr3 5 4 + . GA 5.21 RL15. Sere Ilome Insert Draw Design Layout Relerences om Mailings X & at irres New Roman: A A A A Paste BIU seinte + v x == ADA CIF Font Is U aabbcced Abend AaBbc Aabloul AaB CD Ardo ABCO Moral Nuse. Heading 1 Heaving 2 Subule Sole C. Class Ernsis Fira Realsce alcat ya 2. 02 Title CICATA Senty L Faltar FAISA -iles Eclto Rusa Flies Parkrah Stics Editing Sensatt Required: 1. (4 points) Using the current volume-based system, calculate the following items. Show calculations to earn points. 1. Overhead rate per direct laber hour 1931200:59300=32.5666=Overhead rate per direct labor hour 59300 36000 1850014800 b. Overhead cost per unit for each of the three products Product: 1600 Product: 2400 Overheal Cost Per Unit 130.3 162.8 Calculations (36000 32.5666):9000 (18500*32.5666):3700 Product: 3600 195.4 (4800*32.5666)/800 c. Production cost per unit for each of the three products Prochice: 1600 42 Product. 2400 75 Product: 36027 83 Add: Direct Materials/Unit Add: Direct Luburtini Add: Overhead/Unil Production Cost:Unit: 60 130.3 232.3 80 162.8 317.8 100 195.4 378.4 DIA E + 1411 PPT Type here to search OH w 78F AQI 18 19:15 PM 7/25/2021 B Search Daniel Colin Reven View Hep Table Design Layout Share Comments ACC Gr3 5 4 + . GA 5.21 RL15. Sere Ilome Insert Draw Design Layout Relereres Mailings om X & at irres New Roman A A A A :- TE Paste BU X X == x AAA seinte CIF Font IN aabbcced Abend AaBbc Aabloul AaB CD Ardo ABCO Roural Nuss. Heading 1 Erupsis Fira Realsco Select U Dieta 2. 02 Hesuiry 2 Tide Subule Sole C. Clus Senty L Faltar FAISA -iles Eclto Rusa Flies Sarka IN St. Editna Sensatt 2. (10 points) Using the ABC method. calculate the following items. Show calculation to earn points. Overhead (activity) rate for each activity measure a. Activity Activity Rare Overhead Cast 230000 Product: 360/1) 42 Setup Labor 2300 per setup (230000/100) Expectel Activity Value Total Prochures: Product . 1600 2400) 100 16 42 (16142 42) 96000 (add 57000 30000 all products across) 59300 (same 36000 18500 as above) Equipment 136700 9000 1.42 per Assembly 740200 4800 404500 12000 5000 Materials handling 27000 (same 10000 as above) machine hr. (136700.96000) 12.48 per DL hr. (740200:59300) 14.98 per pound (404500/27000) .128 per material dollar (92800721900) Purchasing 92800 378000 277500 66400 721900 (same as above) 2 D. + 1411 PPT Type here to search O W 78F AQI 18 19:15 PM 7/25/2021 B Search Daniel Colin Reven Vien Hle Table Design Layout Share Comments ACC Gr3 5 4 + . GA 5.21 RL15. Sere Ilome Insert Draw Design Layout Relererxes om Mailings X & at irres New Roman A A A A i- Paste BIU mat inter == + v x U Aabbccild Aabccbd AaBbc Aabbacul AaB :Hace ABC ABC- Ernsis Finc Racco Select 2. Norra Nose Heading 1 Heating 2 Tide Subule Suue Chi Chus CICATA Senty L Faltar FAISA -iles Eclto Rusa Flies CIF Font Parkrah R Stos Editing Sensatt Inspection 327000 200 370 750 1320 (sume as above) 242.7 per orier shipped (327000/1320) 1931200 Total OH Cost: b. Overhead cost per unit for each of the three products 13 Product: 1600 Product: 2400 Setup 4.08 26.11 Cost:Unit: (16*2300):9000 (42:2300/3700 Equipment 8.09 11.51 Cat Unit: (57000$ 1.42):9000 (30000*1.42):3700 Assembly 49.92 62.4 Cast:Unit: (36000 12.48):9000 (18500*12.48): 3700 Materials 16.64 48.58 Handling 110000"14.98):9000 (12000*14.98/3700 Unit: Purchasing 5.38 9.60 Unic: (378000". 1281:9000 (277500", 128)/3700 Inspection 5.39 24.27 Unit: (200*242.7):9000 (370*242.7/3700 Overlicad 90.4 182.47 Cost per (4.08-8.99+49.92+16.64 (26.11-11.51+62.4-48.58 Unit: +5.38-5.39) +9.60+24.27) Product: 3600 120.75 (422300)800 15.98 19000*1.42):800 74.88 (4800*12.48)/800 43.63 (5000* 14.98):800 10.62 (66400"128)/800 227.53 (750*242.7)/800 543.39 (120.75+15.98-74.88+93.63+ 10.62+227.53) C. Production cost per unit for each of the three products PPT D. 3 + 1411 Type here to search of 78F AQI 18 19:15 PM 7/25/2021 B Search Daniel Colin Reven View Hep Table Design Layout Share Comments ACC Gr3 5 4 + . GAZ 5.11 RI (1) Siren - Ilome Insert Draw Design Layout Relereres om Mailings X & at irres New Roman A A A A i Paste seinte BU X X CIF Font N VILU aabbcced Abend AaBbc Aabloul AaB CD Ardo ABCO U Fira Realsce Select DO Norra No Spec. Heading 1 Heading 2 Tiue Sub Sulle Suste C. Crisis CICATA Senty L Faltar FAISA -iles Eclto Rusa Flies Parash Editna Sensatt Cost per (4.08-8.99+49.92+16.64 +5.38-5.39) Stics 102.11 13. (26.11-11.51+62.4-48.58 (120.75+15.98-74.88+93.63+ +9.60+24.27) 10.62+227.53) Unit: C. Production cost per unit for each of the three products 3. (points) Compute profit per unit for each product line under the current system and that under the ABC. Show calculations. Comment on the differences in the results and the consequences of using inaccurate product cost information, Be sure to relate your discussion to your calculations. 3 D. + 1411 PPT Type here to search O W 78F AQI 18 19:15 PM 7/25/2021 B

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Reporting Standards

Authors: Ken Leo, Keith Alfredson, Paul Pacter, Jennie Radford, Ruth Picker

1st Enhanced Edition

0470808233, 9780470808238

More Books

Students also viewed these Accounting questions

Question

the answers are not correct

Answered: 1 week ago

Question

1-2 What are the six traits of professionalism? [LO-2]

Answered: 1 week ago