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EMD Corporation manufactures two products, Product S and Product W. Product W is of fairly recent origin, having been developed as an attempt to enter a market closely related to that of Product W. Product W is the more complex of the two products, requiring 3 hours of direct labor time per unit to manufacture compared to 2 hours of direct labor time for Product S. Product W is produced on an automated production line. Overhead is currently assigned to the products on the basis of direct-labor-hours. The company estimated it would incur $912,811 in manufacturing overhead costs and produce 19,000 units of Product W and 76,000 units of Product S during the current year. Unit cost for materials and direct labor are: Direct material Direct labor Products $ 15 10 Product W $ 25 12 Required: a-1. Compute the predetermined overhead rate under the current method of allocation. a-2. Determine the unit product cost of each product for the current year. b. The company's overhead costs can be attributed to four major activities. These activities and the amount of overhead cost attributable to each for the current year are given below: Activity Cost Pool Machine setups required Purchase orders issued Machine-hours required Maintenance requests issued Total Cost $ 405,000 60,680 273, 450 173,681 $ 912,811 Products 1,620 553 7,460 673 Total Activity Product w 1,620 187 10,770 864 Total 3,240 740 18,230 1,537 Using the data above and an activity-based costing approach, determine the unit product cost of each product for the current year. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Compute the predetermined overhead rate under the current method of allocation. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH Complete this question by entering your answers in the tabs below. Reg A1 Req A2 Req B Determine the unit product cost of each product for the current year. (Round your answers to 2 decimal places.) Unit Product Cost Products Product W Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B Using the data above and an activity-based costing approach, determine the unit product cost of each product for the current year. (Round your answer to 2 decimal places.) Unit Product Cost Products Product W Req A2 Req B
