Please, can you help with this problem. P17-1A

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PROBLEMS: SET A Assign overhead using traditional costing and ABC; compute unir casts; classify activities as ale or mon-value-added (L0 1,2,31, AP P17-1A Combat Fire, Inc, manufactures steel evlinders and nozzles for two models of fire extinguishers: (1) a home fire extinguisher and (2) a commercial fire extinguisher The home model is a high-volume (54,000 units), half-gallon cylinder that holds 2 1/2 pounds of multi-purpose dry chemical at 480 PSI. The commercial model is a low-volume (10,200 units), two-gallon cylinder that holds 10 pounds of multi-purpose dry chemical at 390 PSI. Both products require 15 hours of direct labor for completion. Therefore, total annual XLS 874 17 Activity-Based Costing direct labor hours are 96,300 or [1.5 hours x (54,00010,200)1 Expected annual man- ufacturing overhead is $1,584,2880. Thus, the predetermined overhead rate is $16.45 or ($1,584,280 96,300) per direct labor hour The direct materials cost per unit is $18.50 for the home model and $26.50 for the commercial model. The direct labor cost is $19 per unit for both the home and the commercial models. The company's managers identified six activity cost pools and related cost drivers and accumulated overhead by cost pool as follows. Expected Use of Drivers by Expected Use of Product Estimated Cost Activity Cost Pools Receiving Forming Assembling Cost Drivers Overhead Drivers Home Commercial Pounds 80,400 150,500 335,000 35,000 217.000 215,000 27,000 120,000 8,000 Machine hours Number of parts Number of tests 412.300 165,000 52,000 Testing Painting Packing and shipping 51,000 25,500 15,500 10,000 Gallons 52,580 5,258 3,680 1,578 Pounds 837,500 335,000 215,000 120,000 $1,584,280 Instructions (a) Under traditional product costing, compute the total unit cost of each product Prepare a simple comparative schedule of the individual costs by product (similar to Illustration I17-3 on page 837) (a) Unit cost-H.M. $62.18 (b) Under ABC, prepare a schedule showing the computations of the activity-based over head rates (per cost driver). (c) Prepare a schedule assigning each activity's overhead cost pool to each product based on the use of cost drivers. (Include a computation of overhead cost per unit, rounding (e) Cost assigned-H.M $1,086,500 to the nearest cent.) (d) Compute the total cost per unit for each product under ABC. (e) Classify each of the activities as a value-added activity or a non-value-added activity (D Comment on (1) the comparative overhead cost per unit for the two products under ABC, and (2) the comparative total costs per unit under traditional costing and ABC. (dCost/unit-H M. $57.62