last picture is what i need help on
Current Attempt in Progress Waterway's Nut House is a processor and distributor of a variety of different nuts. The company buys nuts from around the world and roasts, seasons, and packages them for resale. Waterway's Nut House currently offers 15 different types of nuts in one-pound bags through catalogs and gourmet shops. The company's major cost is that of the raw nuts; however, the predominantly automated roasting and packing processes consume a substantial amount of manufacturing overhead cost. The company uses relatively little direct labor. Some of Waterway's nuts are very popular and sell in large volumes, but some of the newer types sell in very low volumes. Waterway's prices its nuts at cost (including overhead) plus a markup of 50%. If the resulting prices of certain nuts are significantly higher than the market price, adjustments are made. Although the company competes primarily on the quality of its products, customers are price conscious. Data for the annual budget include manufacturing overhead of 58,823,000, allocated on the basis of each product's direct labor cost. The annual budgeted direct labor cost totals $1.470.500. Based on the sales budget and raw materials standards, purchases and use of raw materials are expected to total $9,000,000 for the year. The unit raw material and direct labor costs of a one-pound bag of two of the company's products follows: Raw materials Direct labor Cashews $410 0.30 Chestnuts $3.20 0.30 Waterway's controller believes that the traditional costing system may be providing misleading cost information, so she has developed the following analysis of the annual budgeted manufacturing costs. Activity Purchasing Material handling Quality control Roasting Seasoning Packaging Total manufacturing overhead cost Cost Driver Purchase orders Number of setups Number of batches Roasting hours Seasoning hours Packaging hours Budgeted Activity 11,460 1,800 600 96,100 33,600 26,000 Budgeted Cost $2,292,000 1,440,000 420,000 2,883,000 1,008,000 780,000 $8,823,000 Data regarding the annual production of cashews and chestnuts follow. There will be no Raw Materials Inventory for either type of nuts at the beginning of the year. Expected sales Batch size Setups Purchase order size Roasting time Seasoning time Packaging time Cashews 100.000 lbs 10,000 lbs. 3 ber batch 2.000 IS 1 houd 100 0.50 hou 100lbs aino hour 100 bs Chestnuts 5.000 lbs. 500 lbs. 4 per batch 2.500 lbs. 2 hour 100lbs 0.50 houry 100 lbs 0.1 ou 200 lbs Your answer is correct Using the current costing system, calculate the cost and selling price of one pound of cashews and one pound of chestnuts, (Round predetermined overhead rate to O decimal places, eg. 25% and final answers to 2 decimal places, eg. 15.25.) Cashews Chestnuts dost 5 6120 lbs 5:30 b. Selling Price 5 930 Hub un 7.95 Ab. eTextbook and Media Calculate ABC rates. Cost Pool Activity Rate purchase order Purchasing Material handling setup $ $ $ $ Quality control /batch Roasting Aroasting hour Seasoning /seasoning hour $ Packaging packaging hour
