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Please help me out. I am halfway through the problem and I am stuck. I left off at Requirement 3. I do not know how
Please help me out. I am halfway through the problem and I am stuck. I left off at Requirement 3. I do not know how to figure out setup costs. Please finish the rest of the problem. All of the info is provided for you. You only have to do Requirement 3 & 4. Thank you!
batches of 50 units per batch. (Click the icon to view budgeted information.) Read the requirements. direct manufacturing labor cost in your unit cost calculation.) Start by calculating the total direct costs for the basic and deluxe trophies departments. $X.XX. Abbreviations used: DC= Direct cost, DL= Direct labor, $ = dollar.) Finally, calculate unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent, $X,XX.) the forming department and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department. (Round the budgeted overhead rates to the nearest cent, \$X.XX.) and general overhead costs for each department are allocated based on direct manufacturing labor costs of each department. Direct cost, DL= Direct labor, $ = dollar.) Forming [=Budgetedsetuprate= Data table The controller has asked you to compare plantwide, department, and activity-based cost allocation. Requirements 1. Calculate the budgeted unit cost of basic and deluxe trophies based on a single plantwide overhead rate, if total overhead is allocated based on total direct costs. (Don't forget to include direct material and direct manufacturing labor cost in your unit cost calculation.) 2. Calculate the budgeted unit cost of basic and deluxe trophies based on departmental overhead rates, where forming department overhead costs are allocated based on direct manufacturing labor costs of the forming department and assembly department overhead costs are allocated based on total direct manufacturing labor costs of the assembly department. 3. Calculate the budgeted unit cost of basic and deluxe trophies if Triton allocates overhead costs in each department using activity-based costing, where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labor costs of each department. 4. Explain briefly why plantwide, department, and activity-based costing systems show different costs for the basic and deluxe trophies. Which system would you recommend and whyStep by Step Solution
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