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Just help with number 4 please. Product-Costing Accuracy, Consumption Ratios Plata Company produces two products: a mostly handcrafted soft leather briefcase sold under the label
Just help with number 4 please.
Product-Costing Accuracy, Consumption Ratios Plata Company produces two products: a mostly handcrafted soft leather briefcase sold under the label Maletin Elegant an automation and sold under the label Maletin Fina. The two products use two overhead activities, with the following costs Setting up equipment Machining The controller has collected the expected annual prime costs for each briefcase, the machine hours, the setup hours, and t $3,000 18,000 Elegant Direct labor Direct materials Units Machine hours Setup hours Required: Fina $9,000 $3,000 $3,000 $3,000 3,000 4,500 100 3,000 500 100 1. Conceptual Connection: Do you think that the direct labor costs and direct materials costs are accurately traced to each Yes. Because direct materials and direct labor are directly traceable to each product, their cost assignment sh 2. Calculate the consumption ratios for each activity. Round to two decimal place. Elegant Fina Machining 0.1 0.9 Elegant Fina 0.9 0.5 Machining Setups 3a. Calculate the overhead cost per unit for each briefcase by using a plantwide rate based on direct labor costs. Round rates to the nearest cent Elegant Fina 3b. Based on your calculations above which of the following statements is correct? More machine and setup costs are assigned to Elegant than Fina. 4. Conceptual Connection: Calculate the overhead cost per unit for each briefcase by using overhead rates based on machine hours and setup hours. Round your answers to the 0.5 5.25 V per briefcase 1.75 per briefcase nearest cent. Elegant Fina xper unit per unitStep by Step Solution
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