Please help me out with these 2 problems and answer as shown here:
1)
Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing Instructions ! Total Overhead & Consumption Ratios ! Activity Rate & Overhead Costs ! Conceptual Connection Instructions X Tristar Manufacturing produces two types of battery-operated toy soldiers: infantry and special forces. The soldiers are produced by using one continuous process. Four activities have been identified: machining, setups, receiving, and packing. Resource drivers have been used to assign costs to each activity. The overhead activities, their costs, and the other related data are as follows: Product Machine Hours Setups Receiving Orders Packing Orders Infantry 20,900 300 810 1,620 Special Forces 20,900 100 90 810 Costs $96,140 $24,320 $16,290 $29,160 Required: 1. Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate. (Round overhead rate answer to two decimal places and other answers to the nearest dollar.) 2. Calculate consumption ratios for each activity. (Round to two decimal places.) 3. Calculate a rate for each activity by using the associated driver. (Round to two decimal places.) 4. Assign the overhead costs to each product by using the activity rates computed in Requirement 3. 5. CONCEPTUAL CONNECTION: Comment on the difference between the assignment in Requirement 1 and the activity-based assignment.Note: Be sure to complete both tables below. Activity Driver Activity Rate Setups Production runs v per run v Inspections Inspection hours v per hour Machining Machine hours v per hour Maintenance Maintenance hours v per hour v Overhead assignment Model A Model B Setups Inspections Machining Maintenance Total overhead : Units produced Overhead per unit Feedback Check My Work Partially correct 3. Suppose that Ramsey decides to use departmental overhead rates. There are two departments: Department 1: (machine intensive) with a rate of $4 per machine hour and Department 2: (labor intensive) with a rate of $1 per direct labor hour. The consumption of these two drivers is as follows: Department 1 Department 2 Machine Hours Direct Labor Hours Model A 8,000 131,000 Model E 180,000 270,000 Compute the overhead cost per unit for each product by using departmental rates. (Round to two decimal places.) Model A: per unit Model B: per unit Feedback Check My Work For both departments, multiply the machine rate by machine hours, and then multiply labor rate by direct labor hours. Add both for each department, and then divide by units produced in each department.Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing Instructions ! Total Overhead & Consumption Ratios Activity Rate & Overhead Costs Conceptual Connection Activity Rate & Overhead Costs 3. Calculate a rate for each activity by using the associated driver. Machining: $ per machine hour Setups: per setup Receiving: $ per receiving order Packing: per packing order Points: 0/4 4. Assign the overhead costs to each product by using the activity rates computed in Requirement 3. Question not attempted. Tristar Manufacturing Score: 0/38 Overhead Assignment Infantry Special Forces Machining 3 Setups Receiving Packing 6 Total Points: 0 / 10Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing Instructions Total Overhead & Consumption Ratios ! Activity Rate & Overhead Costs ! Conceptual Connection Instructions X Total Overhead & Consumption Ratios Shaded cells have feedback. X 1. Calculate the total overhead assigned to each product by using only machine hours to calculate a plantwide rate. (Round overhead rate answer to two decimal places and other answers to the nearest dollar.) The overhead rate is $ per machine hour. K Points: 10/1 The total overhead assigned to the infantry product is $ K Points: 10/1 The total overhead assigned to the Special Forces product is $ K Points: 0/ 1 Feedback Check My Work Divide the total overhead by the total machine hours for rate per machine hour. Multiply rate by machine hours for infantry and special forces. 2. Calculate consumption ratios for each activity. (Round your answers to two decimal places.) Consumption Ratios Overhead Activity Infantry Special Forces Machining Setups Receiving Packing Points: /8Plantwide versus Departmental Rates, Product-Costing Accuracy: Activity-Based Costing Ramsey Company produces speakers (Model A and Model B). Both products pass through two producing departments. Model A's production is much more labor-intensive than that of Model B. Model B is also the more popular of the two speakers. The following data has been gathered for the two products: Product Data Model A Model B Units produced per year 10,000 100,000 Prime costs $153,000 $1,530,000 Direct labor hours 140,000 290,000 Machine hours 23,000 204,000 Production runs 40 70 Inspection hours 700 1,100 Maintenance hours 8,000 92,000 Overhead costs: Setup costs $264,000 Inspection costs 171,000 Machining 125,000 Maintenance 300,000 Total $860,000 Required: 1. Compute the overhead cost per unit for each product by using a plantwide rate based on direct labor hours. (Round to two decimal places.) Plantwide rate: $ per DLH. Model A: overhead cost per unit Model B: overhead cost per unit Feedback Check My Work Divide total overhead costs by total direct labor hours. Multiply overhead rate by hours for each model, and then divide by units produced. 2. Compute the overhead cost per unit for each product by using ABC. (Round rates and unit overhead costs to two decimal places.) Model A: overhead cost per unit Model B: overhead cost per unit Note: Be sure to complete both tables below. Activity Driver Activity Rate