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f HW-Ch17 Question 13 of 14 0.35 / 5 Marigold, Inc. manufactures steel cylinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher. The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi-purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 1.5 hours of direct labor for completion. Therefore, total annual direct labor hours are 96,300 or [1.5 hours (54,000 + 10,200)). Estimated annual manufacturing overhead is $1,575,500. Thus, the predetermined overhead rate is $16.36 or ($1,575,500 = 96,300) per direct labor hour. The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models. The company's managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows. Activity Cost Pools Cost Drivers Receiving Pounds Forming Machine hours Assembling Number of parts Testing Number of tests Painting Gallons Packing and shipping Pounds Estimated Overhead $87,100 151,900 410,130 53.040 52,580 820,750 $1,575,500 Estimated Use of Drivers by Product Estimated Use of Cost Drivers Home Commercial 335,000 215,000 120,000 35,000 27,000 8,000 217,000 165,000 52,000 25,500 15,500 10,000 5,258 3,680 1,578 335,000 215,000 120,000 * Your answer is incorrect. Under traditional product costing, compute the total unit cost of each product. (Round answers to 2 decimal places, e.g. 12.50.) Home Model Commercial Model Total unit cost $ 20.01 $ 49.00 Question 13 of 14 0.35 / 5 Your answer is partially correct. Under ABC, prepare a schedule showing the computations of the activity-based overhead rates (per cost driver). (Round overhead rate to 2 decimal places, e.g. 12.25.) Activity Cost Pool Estimated Overhead Estimated Use of Cost Drivers Activity-Based Overhead Rate Receiving $ 55900 55900 Pounds $ 0.26 per pound Forming Machine hours $ 4.34 per machine hour Assembling Parts $ per 1.89 part Testing Tests $ 2.08 per test Painting Gallons $ 10 per gallon per pound Packing and shipping Pounds $ 2.45 $ eTextbook and Media Your answer is partially correct. Prepare a schedule assigning each activity's overhead cost pool to each product based on the use of cost drivers. (Round overhead cost per unit to 2 decimal places, e.g. 12.25 and cost assigned to 0 decimal places, e.g. 2,500.) + HW-Ch17 Question 13 of 14 0.35 / 5 III Your answer is partially correct. Prepare a schedule assigning each activity's overhead cost pool to each product based on the use of cost drivers. (Round overhead cost per unit to 2 decimal places, e.g. 12.25 and cost assigned to 0 decimal places, e.g. 2,500.) Activity Cost Pool Estimated Use of Drivers Home Model Activity-Based Overhead Rates Estimated Use of Drivers Cost Assigned Receiving $ $ 55900 Forming $ 117180 Assembling 311850 Testing 32240 Painting 36800 $ 526750 $ 1080720 Packing and shipping Total costs assigned (a) Units produced (b) Overhead cost per unit [(a) = (b)] $ eTextbook and Media f HW-Ch17 Question 13 of 14 0.35/5 $ 55900 $ $ 31200 117180 $ 34720 311850 $ 98280 32240 $ 20800 36800 $ 15780 526750 $ 294000 $ 1080720 $ 494780 $ $ eTextbook and Media X Your answer is incorrect. Compute the total cost per unit for each product under ABC. (Round answer to 2 decimal places, e.g. 12.25.) Home Model Commercial Model Total cost per unit $ 20.01 $ 49
