Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Levels of costs Baldacci Inc. has a casting machine that is used for three of the company's products. Each machine setup costs $40,890, and

image text in transcribedimage text in transcribed

Levels of costs Baldacci Inc. has a casting machine that is used for three of the company's products. Each machine setup costs $40,890, and the machine was set up in June for six different product runs. The following information shows the units of output from each of the setups. Setup Product 0453 Product #529 Product #663 1 45.600 2 1,680 ' 30.400 4 27,900 s 40 . 35,600 a. If total machine setup cost is allocated to all units of product. 1. What is the setup cost per unit? Note: Round unit cost to two decimal places (ie. round $4.355 to $4.36) $ 0.29 x 2. Indicate the total setup costs for each of the company's three products in the following table, using the rounded unit cost from part (1) Note: Round your final answer to the nearest whole dollar. Product #453 1 31.639 Product #529 8.816 M Product #663 504.6 x Total ON b. If machine setup cost is allocated to each type of product made, 1. Indicate the total setup costs for each of the company's three products in the following table. Product #453 $ 0x Product #529 Product #663 Total 0x 0 x $ 0x 2. What is the setup cost per unit of Products #453, 529, and 663? Note: Round unit costs to two decimal places (i.e. round $4.355 to $4.36). Setup Cost per Unit Product #453 $ 0 x Product #529 $ 0x Product #663 $ 0 x c. Assume Baldacci Inc. had manufactured all similar products in a single production run. 1. What would total setup costs be during June? $0 x 2. Indicate the costs per unit for each of the three products in the following table. Note: Round unit costs to two decimal places (i.e. round $4.355 to $4.36). Setup Cost per Unit Product #453 5 0x Product #529 5 0x Product #663 $ 0x

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

Cost Accounting Foundations and Evolutions

Authors: Michael R. Kinney, Cecily A. Raiborn

8th Edition

9781439044612, 1439044619, 978-1111626822

More Books

Students also viewed these Accounting questions

Question

1. Administrative routines, such as taking attendance

Answered: 1 week ago