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H 1 D G Northern Corporation produces computer chairs The company produces two different styles of chairs: Product 19 and Product V2: Northern uses an ABC costing system and has the following overhead costs: 2 3 4 5 Overhead Costs Manufacturing overhead Selling overhead Administrative overhead Total Overhead $450,000 $300,000 $200.000 $950.000 6 7 9 The company uses the following activity cost pools and drivers: 10 Total 11 Activity cost pool Driver Product H9 Product V2 Activity 12 Assembly Number of units 10,000 2,0001 8,000 13 Setups Number of setups 200 40 160 14 Machining Machine hours 20,000 8.000 12.000 3001 Number of customers 150 15 Customer support 150 16 Other Not allocated to customers or products 12 18 Based on an extensive analysis and surveys conducted with all employees, Northern distributes its overhead to the cost pools as follows: B D F G 13 Setups Number of setups 200 40 160 14 Machining Machine hours 20,000 8,000 12,000 15 Customer support Number of customers 300 150 150 16 Other Not allocated to customers or products 17 18 Based on an extensive analysis and surveys conducted with all employees, Northern distributes its overhead to the cost pools as follows: 19 20 Customer Assembly Setups Machining Support Other Total 21 Manufacturing overhead 40% 20% 20% 10% 10% 100% 22 Selling overhead 596 596 596 80% 5% 100% Administrative overhead 30% 20% 10% 30% 10% 100% 24 25 Price and direct costs per unit for last year are as follows: 26 27 Product H9 Product V2 28 Selling price $800.00 $600.00 Direct material $300.00 $300.00 10 Direct labour $100.00 575.00 32 Required: 33 Part 1: Prepare a report showing first stage allocation of the overhead costs to the activity cost pools, (5 marks) 14 G H B D 5 Price and direct costs per unit for last year are as follows: 6 27 Product H9 Product V2 8 Selling price $800.00 $600.00 29 Direct material $300.00 $300.00 30 Direct labour $100.00 $75.00 31 32 Required: 33 Part 1: Prepare a report showing first stage allocation of the overhead costs to the activity cost pools. (S marks) 34 35 Assembly 180,000 15,000 60.000 $255.000 Setups Mashining 90,000 90,000 15,000 15,000 40.000 20,000 $145.000 $125.000 Customer Support 45,000 240,000 60.000 $345,000! Other 45.000 15,000 20,000 $80,000 Total 450,000 300.000 200.000 $950,000 36 Manufacturing overhead 37 Selling overhead 38 Administrative overhead 39 Total overhead costs 40 41 Part 2: Calculate the activity rates for each cost pool. (4 marks) 42 43 Activity Cost Pool Assembly Setups Machining Shoot Overhead Total Activity Activity Rate $255,000 10,000 $25.50 $145,000 200 $725.00 $125,000 20.000 56.25 New up 41 Part 2: Calculate the activity rates for each cost pool. (4 marks) 42 43 44 45 46 47 Activity Cost Pool Assembly Setups Machining Customer Support Other Overhead Total Activity Activity Rate $255,000 10,000 $25.50 $145,000 200 $725.00 $125,000 20,000 $6.25 $345,000 300 $1,150.00 $80,000 Not applicable Not applicable 48 50 Part 3: Last year, one of Northern's customers, Office Express, purchased 30 units of Product V2. In total, the sales to Office Express required setups and 120 machine hours. Compute the customer margin using an income statement format. (6 marks) All rows may not be required. Sales $18,000.00 51 52 53 54 55 56 57 58 59 60 Direct materials Direct labour $9,000.00 $2,250.00 Setups Machining $150.00 $3,600.00 Total costs $15,000.00 ARRARO Sheet1 New F G H 43 44 45 Activity Cost Pool Assembly Setups Machining Customer Support Other D Overhead Total Activity Activity Rate $255,000 10,000 $25.50 $145,000 200 $725.00 $125,000 20,000 $6.25 $345,000 300 $1,150.00 $80,000 Not applicable Not applicable 46 47 48 49 51 52 53 50 Part 3: Last year, one of Northern's customers, Office Express, purchased 30 units of Product V2. In total, the sales to Office Express required 5 setups and 120 machine hours. Compute the customer margin using an income statement format. (6 marks) All rows may not be required. Sales $18,000.00 Direct materials $9,000.00 Direct labour $2,250.00 54 55 56 57 58 Setups Machining $150.00 $3,600.00 50 61 Total costs Customer margin (loss) $15,000.00 $3.000.00 Sheet Now hop