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Chapter 7 6 Saved 17 Problem 7-17 Comparing Traditional and Activity-Based Product Margins [LO7-1, LO7-3, LO7-4, LO7-5] Smoky Mountain Corporation makes two types of hiking boots-the Xtreme and the Pathfinder. Data concerning these two product lines appear below 10 Xtr Selling price per unit Direct materials per unit Direet labor per unit oireet labor-hours per unit Estimated annual produetion and sales 118.00 65.00 $ 84.00 52.0o $9.00 13.50 1.5 DLH 28,000 units 1.0 DERs 65,000 units Print The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor hours for the upcoming year appear below References Estinated total manufacturing overhead Eatinated total direct labor-hours 1,819,0 107,000 DLHs Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system 2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs): EstinatedExpected Activity Overhead Cost Xtreme Pathfinder Total Activities and Activity Measures Supporting direct Labor (direct labor hours) Batch setups (setups) Product sustaining (number of produeta) Other $588,500 42,0005,000 107,000 690,000 500,00o 40 500 NA 390 300 690 NA NA Total manufacturing overhead cost $ 1,819,000 Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system. Chapter 7 G Saved 17 Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system 2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and id capacity costs: 10 points EstimatedExpected Activity Activities and Activity Neasures Supporting direet labor (direet Labor-houra) Overhead Cost Xtreme Pathfinder Total 390 NA 588,500 42,000 65,000 107,000 690,000 500,000 eBook 300 690 product sustaining (nunber of products) Other NA NA Total manufacturing overhead cost s1,819,000 Print Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system. References 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Compute'the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) Xtreme Pathfinder Product margih Required 2> Saved apter 7 17 Required 1. Compute the product margins for th e Xtreme and the Pathfinder products under the company's traditional costing system. is considering replacing its traditional costing system with an activity-based costing system that would assign its activity cost pools (the Other cost pool includes organization-sustaining costs and manufacturing overhead to the following four capacity costs): ints EstinatedExpected Activity Overhead Cost Xtrene Pathfinder Total etivities and Activity Measures Batch setups (setups) 588,500 42,000 65,000 690,000 500,000 107,000 690 Support ing direet labor (direct labor-hours) 390 300 eBook Product sustaining (number of products) Other NA NA NA 1,819,000 Total manufacturing overhead cost Print Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments Reterences 3. Prepare Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system. (Round Product margin Required 1 Required 3> hapter 7 17 Required 1 Required 2 Required 3 Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2 decimal places and "Percentage" answers to 1 decimal place.) oints %of %of Total Traditional Cost System Print Total cost assigned to products Xtreme Pathfinder Total %of %of Amount Total Amount Amount Total Amount Amount Activity-Based Costing System Direct costs: Indirect oosts Total cost assigned to products Costs not assigned to products Total cost Required 2