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Need answers with formulas in excel HUFFMAN CORP. (HC) PRODUCT COSTING DATA Products TV Board PC Board Budgeted sales volume 65,000 40,000 Sales price $
Need answers with formulas in excel
HUFFMAN CORP. (HC) PRODUCT COSTING DATA | |||||
Products | TV Board | PC Board | |||
Budgeted sales volume | 65,000 | 40,000 | |||
Sales price | $ 150 | $ 300 | |||
Direct materials | $ 80 | $ 140 | |||
Standard cost system data | |||||
TV Board | PC Board | ||||
Direct labor (hrs.) | 1.5 | 4.0 | |||
Machine time (hrs.) | 0.5 | 1.5 | |||
Variable factory overhead in the standard cost system is applied based on direct labor hours. | |||||
Variable factory overhead budget | $ 1,120,000 | ||||
Direct labor hours budgeted | 280,000 | ||||
Direct labor rate (per hr.) | $ 14 | ||||
Machine time rate (per hr.) | $ 10 | ||||
Direct materials handling cost (%) | 10% | ||||
Total materials expenditure | $ 10,600,000 | ||||
Activity-based cost system data | |||||
Budgeted cost | Cost driver | Activity Level | |||
Materials overhead | |||||
Procurement | $ 400,000 | Number of parts | 4,000,000 | ||
Production scheduling | 220,000 | Number of boards | 110,000 | ||
Packaging and shipping | 440,000 | Number of boards | 110,000 | ||
Total | $ 1,060,000 | ||||
Variable overhead | |||||
Machine setup | $ 446,000 | Number of setups | 278,750 | ||
Hazardous waste disposal | 48,000 | Pounds of waste | 16,000 | ||
Quality control | 560,000 | Number of inspections | 160,000 | ||
General supplies | 66,000 | Number of boards | 110,000 | ||
Total | $ 1,120,000 | ||||
Manufacturing | |||||
Machine insertion | $ 1,200,000 | Number of parts | 3,000,000 | ||
Manual insertion | 4,000,000 | Number of parts | 1,000,000 | ||
Wave soldering | 132,000 | Number of boards | 110,000 | ||
Total | $ 5,332,000 | ||||
Required per unit | TV Board | PC Board | |||
Parts (count) | 25 | 55 | |||
Machine insertions | 24 | 35 | |||
Manual insertions | 1 | 20 | |||
Machine setups (count) | 2 | 3 | |||
Hazardous waste (lb.) | 0.02 | 0.35 | |||
Inspections (count) | 1 | 2 | |||
Calculate the budgeted unit cost for the TV Board using the standard cost system data. | |||||
Item | Cost | ||||
Direct materials | |||||
DM Handling | |||||
Direct labor | |||||
Machine time | |||||
Variable overhead | |||||
Total | |||||
Calculate the budgeted unit cost for the TV Board using the activity-based cost (ABC) system data. | |||||
Item | Cost | ||||
Direct materials | |||||
Procurement | |||||
Production scheduling | |||||
Packaging and shipping | |||||
Machine setup | |||||
Hazardous waste disposal | |||||
Quality control | |||||
General supplies | |||||
Machine insertion | |||||
Manual insertion | |||||
Wave soldering | |||||
Total |
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