Mcknight Corp. manufactures computer desks in its Topeka, Kansas, plant. The company uses activity-based costing to allocate all manufacturing conversion costs (direct labor and manufacturing overhead). Its activities and related data follow B (Click the icon to view the activity areas and related data.) Read the requirements arin Requirement 1. Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks. (Complete all input fields. Enter a su for any zero amounts. Round your answers to the nearest whole dollar.) Standard Desk Unpainted Desk Direct materials Materials handling ibral Assembling Painting Total manufacturing cost ady Choose from any list or enter any number in the input fields and then continue to the next question Surce ation 1 11:18 AM ype here to search o RI Data Table he tet $ $ Budgeted Cost of Cost Allocation Activity Activity Allocation Base Rate Materials handling ....$ 330,000 Number of parts 0.70 Assembling ..... $ 2,500,000 Direct labor hours 12.00 Painting 180,000 Number of painted desks $ 5.20 McKnight produced two styles of desks in March: the Standard desk and Unpainted desk. Data for each follow: Total Units Total Direct Total Number Total Assembling Product Produced Materials Costs of Parts Direct Labor Hours Standard desk 5,000 $ 48,850 120,500 5,900 Unpainted desk 2.000 $ 29,450 30,500 600 et ente Print Done ove activi i Requirements elds per-4 s to the 1. Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks. 2. Premanufacturing activities, such as product design, were assigned to the Standard desks at $7 each and to the Unpainted desks at $3 each. Similar analyses were conducted of post-manufacturing activities, such as distribution, marketing, and customer service. The post-manufacturing costs were $23 per Standard and $21 per Unpainted desk. Compute the full product costs per desk. 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference. 4. What price should Mcknight's managers set for Standard desks to earn a $42 profit per desk? ter any Print Done