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Jones Corp. manufactures mid-fi and hi-fi stereo receivers. The following data have been summarized: (Click the icon to view the data.) The company plans to
Jones Corp. manufactures mid-fi and hi-fi stereo receivers. The following data have been summarized: (Click the icon to view the data.) The company plans to manufacture 100 units of the mid-fi receivers and 250 units of the hi-fi receivers. Calculate the product cost per unit for both products using activity-based costing. (Round your answers to the nearest cent.) Begin by selecting the formula to allocate overhead (OH) costs. Allocated mfg. overhead costs Compute the overhead costs allocated to Mid-Fi, and then compute the overhead cost per unit for Mid-Fi. Next, compute the overhead costs allocated to Hi-Fi then compute the overhead cost per unit for Hi-Fi. (Round the cost per unit to the nearest cer Mid-Fi Hi-Fi Setup Inspections Machine maintenance Total overhead costs Number of units Overhead cost per unit Now calculate the product cost per unit for both products. (Enter your answers to the nearest cent.) Mid-Fi Hi-Fi Direct materials cost per unit Direct labor cost per unit Indirect manufacturing cost per unit Total product cost per unit Mid-Fi Hi-Fi 1,300 $ 900 $ 400 100 ? ? Direct materials cost per unit Direct labor cost per unit Indirect manufacturing cost per unit Indirect manufacturing cost information includes the following: Predetermined Overhead Activity Allocation Rate Setup $1,600 per setup Inspections $900 per inspection hour Machine maintenance $8 per machine hour Mid-Fi 30 setups 55 inspection hours 1,600 machine hours Hi-Fi 30 setups 5 inspection hours 1,150 machine hours X I-Fi, and Hi-Fi. (Ro th Actual overhead costs Actual qty of the allocation base used Estimated overhead costs Estimated qty of the allocation base Ir Predetermined OH allocation rate S Machine maintenance
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