Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the question below CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 5 Not complete Marked out of 3.00 P Flag question Activity-Based Costing and

Please answer the question below image text in transcribed
image text in transcribed
image text in transcribed
CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 5 Not complete Marked out of 3.00 P Flag question Activity-Based Costing and Conventional Costs Compared Hickory Grill Company manufactures two types of cooking grills: the Gas Cooker and the Charcoal Smoker. The Cooker is a premium product sold in upscale outdoor shops; the Smoker is sold in major discount stores. Following is information pertaining to the manufacturing costs for the current month. Gas Cooker Charcoal Smoker Units 1,000 5,000 Number of batches 50 10 Number of batch moves 80 20 Direct materials $80,000 $140,000 Direct labor $20,000 $25,000 Manufacturing overhead follows Activity Cost Cost Driver Materials acquisition and inspection $70,800 Amount of direct materials cost Materials movement 16,200 Number of batch moves Scheduling 36.000 Number of batches $123,000 a. Determine the total and per-unit costs of manufacturing the Gas Cooker and Charcoal Smoker for the month, assuming all manufacturing overhead is assigned on the basis of direct labor dollars. Round rate to four decimal places, if applicable Manufacturing overhead based on direct labor dollars: per direct labor dollar a. Determine the total and per-unit costs of manufacturing the Gas Cooker and Charcoal Smoker for the month, assuming all manufacturing overhead is assigned on the basis of direct labor dollars. Round rate to four decimal places, if applicable. per direct labor dollar Manufacturing overhead based on direct labor dollars: Use rounded overhead rate calculated above for calculations below. Round cost answers to the nearest whole number, when needed. Round cost per unit to two decimal places, if needed. Product Costs per Unit Gas Cooker Charcoal Smoker Direct materials Direct labor Manufacturing overhead Toral cost Units Cost per unit b. Determine the total and per-unit costs of manufacturing the Gas Cooker and Charcoal Smoker for the month, assuming manufacturing overhead is assigned using activity-based costing. Round answers to two decimal place, if needed Activity-based overhead rates: per direct material dollar Materials acquisition and handling Materials movement $ per move Scheduling $ per batch Use rounded overhead rate calculated above for calculations below. Round cost answers to the nearest whole number, when needed. Round cost per unit to two decimal places, if needed. per batch Scheduling s Use rounded overhead rate calculated above for calculations below. Round cost answers to the nearest whole number, when needed. Round cost per unit to two decimal places, if needed. Product Costs per Unit Gas Cooker Charcoal Smoker Direct materials Direct labor Manufacturing overhead: Materials acquisition Materials movement Scheduling Total cost per batch Number of units per batch Cost per unit Check Finish attempt... Save Answers Previous page

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality And GMP Auditing Clear And Simple

Authors: James L. Vesper

1st Edition

0367400901, 978-0367400903

More Books

Students also viewed these Accounting questions

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago