Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

JMSystem D Question 1 6 pts Atten 1 Mir sions ES le A company has two products: standard and deluxe. The company expects to produce

image text in transcribed
image text in transcribed
JMSystem D Question 1 6 pts Atten 1 Mir sions ES le A company has two products: standard and deluxe. The company expects to produce 38,391 Standard units and 41,626 Deluxe units. It uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools sort & Policies ary Resources Budgeted Activity of Cost Driver Materials signments es Budgeted Standard Bles Deluxe OH Cost $ 93.000 2,500 Purchases cGraw-Hill Con nect Deep ntegration Office 365 Activity 1: Purchasing Activity 2 Designing 5,250 Purchases $ 92.000 4.500 Designs 5.500 Designs Panoto Videos Activity 3: Shipping $ 87.000 3,000 Orders 2.800 Orders Required: Make a loro Required: Make a Job Cost Sheet for the Standard Units. Use the following Direct Materials and Direct Labor information - Direct Materials $6,961 - Direct Labor $5,319 For Overhead, computer overhead rates for each of the three activities. Hint, you will divide each activity's budgeted cost by the TOTAL amount of that activity's cost driver. So you will need to add Purchases for Standard and Deluxe to get the total denominator for that activity. (Round activity rate and cost per unit answers to 2 decimal places.) Your Job Cost Sheet will include: Direct Materials + Direct Labor Overhead for Purchasing + Overhead for Designing + Overhead for Shipping - Total Job Cost / Units Produced - Per Unit Cost The answer you type in will be the Per Unit Cost of the Standard Units. Round your answer to the nearest 2 decimal places

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

Step: 3

blur-text-image

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

The Home Energy Audit Your Guide To Understanding And Reducing Your Home Energy Costs

Authors: Richard Montgomery

1st Edition

0471864668, 978-0471864660

More Books

Students also viewed these Accounting questions