please answer 5,7 &28

ment 7000 Number of production runs 400,000 Number of setups 350 500 19,600 250 15 25 Machine setups Inspections Shipment 588,000 5,000 $1,000,000 Number of units Number of shipments 50 Required 1. Calculate the unit cost for each of the two prod 2. Calculate the 3. Calculate the unit cost for each of the two produc ucts under the existing volume-based co overhead per unit of the cost driver under the proposed ABC system. ts if t ABC system is adopted he propo brary to access a narrated, animated tutorial for solving this ns 5-1 indecosting a product increases the profit from the product and benefits the firm" Do you Firms sell products with high costs at high prices. High selling prices increase revenues andn Why? 5-2 5-3 5-4 Why then should managers worry about product overcosting? Explain why a costing system that uses a volume-based rate is likely to produce distorted costs. What is activity-based costing, and how can it improve an organization's costing system? 5-5 Describe general levels of cost hierarchy in activity-based costing sy second-stage procedure in assigning costs to products when using an activity-bs costing system? 5-7 What type of company needs an activity-based costing system? ities? Give two examples of unit-level activities. 5-9 What are batch-level activities? Give two examples of 5-10 What are p 5-11 What are facility-level two ? Give two examples of product-level activities. ties? Give two examples of facility-level activities ct-level activities produc ems using a single, volume-based cost driver tend to overcost hi be any undesirable strategic effects from such product volume products? Will there such product c 5-13 What is activity-based management? 5-14 How can activity-based costing and 5-15 Identity opportunities afforded perf distortion? ment be used in service organizations? by performing a customer profitability anal g in fruit drinks. Tasty produces 5 each drink costs $0.10 to produce product per batch. Setup cost for total cost per batch? How much would i Montross Lumber processes wood to be ceachbotto fill an order for 100,000 cans? batch is $50 and ses 5-3 5-1 drink 16 Tasty Beverage Co. produces soft drinks What is companies. In order to keep its p rds produced. Inspection 5-17 much uniform. Montross conducts ipe r hour and it tak