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PLEASE ANSWER ASAP 45 MINUTES LEFT OF TEST WILL GIVE GOOD RATING Instructions x Garfield Inc. manufactures entry and dining room lighting fixtures. Five activities
PLEASE ANSWER ASAP 45 MINUTES LEFT OF TEST WILL GIVE GOOD RATING
Instructions x Garfield Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities and their associated budgeted activity costs and activity bases are as follows: Activity Casting Assembly Inspecting Setup Materials handling Budgeted Activity Cost Activity Base $114,114 Machine hours 64,262 Direct labor hours 18,335 Number of inspections 29,380 Number of setups 26,424 Number of loads Corporate records were obtained to estimate the amount of activity to be used by the two products. The estimated activity-base usage quantities and units produced follow: Dining Total Activity Base Machine hours Entry 2,173 1,285 3,458 Instructions follow: Total Entry 2,173 Dining 1,285 3,458 855 2,066 2,921 Activity Base Machine hours Direct labor hours Number of inspections Number of setups Number of loads Units produced 697 268 965 168 58 226 495 239 734 5,541 2,411 7,952 Required: Complete the Activity Table for entry lighting and dining room lighting fixtures. a. Determine the activity rate for each activity. Enter these rates in the Activity Rate columns. b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with each product. Round the per-unit rates to the nearest cent. Activity Table - Entry Lighting Complete the Activity Table for entry lighting fixtures. a. Determine the activity rate for entry lighting activity. Enter these rates in the Activity Rate column. b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with entry lighting product. Round the per-unit rates to the nearest cent Entry Lighting Fixtures Activity- Activity Base Activity Usage Rate Casting Assembly $ Inspecting Setup Activity Table - Entry Lighting Activity- Activity Base Activity Usage Rate Casting $ Assembly $ Inspecting Setup $ Materials handling Total activity cost Number of units Activity cost per unit Instructions Activity Table - Entry Lighting Usage Rate = Cost mh $33 Imh dih $22 Idih insp. $19 linsp. setups $130 Isetup loads $36 /load $ Instructions Activity Table - Entry Lighting Activity Table - Dining Room Lighting Activity Table - Dining Room Lighting Complete the Activity Table for dining room lighting fixtures. a. Determine the activity rate for dining room lighting activity. Enter these rates in the Activity Rate column. b. Use the activity rates in (a) to determine the total and per-unit activity costs associated with dining room lighting product. Round the per-unit rates to the nearest cent. Dining Room Lighting Fixtures Activity- Activity Base Activity Usage Rate Casting $ Assembly $ Inspecting $ Setup $ Instructions Activity Table - Entry Lighting Activity Table - Dining Room Lighting MI Activity Table - Dining Room Lighting Activity- Activity Base Activity Usage Rate Casting Assembly $ Inspecting Setup $ Materials handling $ Total activity cost Number of units Activity cost per unit Activity Table - Dining Room Lighting Base Activity Activity Usage Rate Cost $ $ $ $ $ $Step by Step Solution
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