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Uuestion Help Decorative Doors, Inc., produces two types of doors, Interior and exterior. The company's simple costing system has two direct cost categories (materials and labor) and one indirect cost pool. The simple costing system allocates indirect costs on the basis of machine-hours. Recently, the owners of Decorative Doors have been concerned about a decline in the market share for their interior doors, usually their biggest seller Information related to Decorative Doors production for the most recent year follows: (Click the icon to view the production data.) (Click the icon to view additional information) Read the requirements Requirement 1. Calculate the cost of an interior door and an exterior door under the existing simple costing system Before calculating the cost of an interior and exterior door, begin by calculating the overhead rate under the simple costing system. First select the formula, then enter the applicable amounts and calculate the rate (Round your answer to the nearest cent. Abbreviations used bot-budgeted, aty quantity) Budgotod overhead rate Simple costing system Bgt total costs in indirect cost pool Bgt total direct costs Bgt total direct labor costs Bgt. total direct material costs Bgt. total ay of cost allocation base Total number of units sold or in the input fields and then click Check Answer 14 remaining Clear All Check Answer Decorative Doors, Inc., produces two types of doors, interior and exterior. The company's simple costing system has two direct cost categories (materials system allocates indirect costs on the basis of machine-hours. Recently, the owners of Decorative Doors have been concerned about a decline in the ma Information related to Decorative Doors production for the most recent year follows: (Click the icon to view the production data.) (Click the icon to view additional information.) Read the requirements Requirement 1. Calculate the cost of an interior door and an exterior door under the existing simple costing system. Before calculating the cost of an interior and exterior door, begin by calculating the overhead rate under the simple costing system. First select the formula (Round your answer to the nearest cent. Abbreviations used: bgt - budgeted, qty = quantity.) Budgeted overhead rate Simple costing system Bgt. total costs in indirect cost pool Bgt. total direct costs Bgt, total direct labor costs Bgt. total direct material costs C Bgt. total qty of cost allocation base Total number of units sold er in the input fields and then click Check Answer Clear All 14 remaining pes of doors, interior and exterior. The company's simple costing system has two direct cost categories (materials and labor) and one indirect cost pool. The simple costing asis of machine-hours. Recently, the owners of Decorative Doors have been concerned about a decline in the market share for their interior doors, usually their biggest seller production for the most recent year follows: an data) formation.) an interior door and an exterior door under the existing simple costing system ex and exterior door, begin by calculating the overhead rate under the simple costing system. First select the formula, then enter the applicable amounts and calculate the rate. mnt. Abbreviations used: bgt budgeted, aty - quantity) Budgeted overhead rate Simple costing system er in the input fields and then click Check Answer Clear All Check Answer i Data Table X labor) and one indir share for their interio doors, interior machine-hour stion for them .) on.) Interior Exterior 3,300 1,900 $ 145 $ 245 $ 55 $ 70 Fior door and ar exterior door, bo reviations used $ 18 S 18 hen enter the applicable 1.60 2.25 Units sold Selling price Direct material cost per unit Direct manufacturing labor cost per hour Direct manufacturing labor-hours per unit Production runs Material moves Machine setups Machine-hours Number of inspections 30 65 70 160 40 140 4,000 6,000 210 130 in the input field Print Done Clear All types of doors, inte i More Info - X por) and on e basis of machine- re for thei ors production for the ction data.) information.) The owners have heard of other companies in the industry that are now using an activity-based costing system and are curious how an ABC system would affect their product costing decisions. After analyzing the indirect cost pool for Decorative Doors, the owners identify six activities as generating indirect costs: production scheduling, material handling machine setup, assembly, inspection, and marketing. Decorative Doors collected the following tof an interior door an data related to the indirect cost activities: terior and exterior dod Activity Activity Cost Activity Cost Driver Enter the app st cent. Abbreviations u Production scheduling $ 70,300 Production runs Material handling 41,860 Material moves Machine setup $ 23,400 Machine setups Assembly $ 70,000 Machine-hours $ 15,300 Inspection Number of inspections Marketing costs were determined to be 3% of the sales revenue for each type of door. $ any number in the input Print Done Clear All es of doors, interior and exterior. The company's simple costing system has two direct cost categories (materials and labor) and sis of machine-hours. Recently, the owners of Decorative Doors have been concerned about a decline in the market share for th Oroduction for the mori data.) Requirements rmation.) - interior door and an and exterior door, beg Abbreviations used: then enter the 1. Calculate the cost of an interior door and an exterior door under the existing simple costing system. 2. Calculate the cost of an interior door and an exterior door under an activity-based costing system. 3. Compare the costs of the doors in requirements 1 and 2. Why do the simple and activity-based costing systems differ in the cost of an interior and exterior door? 4. How might Decorative Doors, Inc., use the new cost information from its activity-based costing system to address the declining market share for interior doors? Print Done mber in the input fields and then click Check Answer. Clear All