Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help with 1-3...thanks! Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per
please help with 1-3...thanks!
Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work $ 44 $ 67 23 35 357 583 680 units 490 units Harbour has monthly overhead of $176,450, which is divided into the following cost pools: $ 80,800 63,650 Setup costs Quality control Maintenance Total 32, eee $176,450 The company has also compiled the following information about the chosen cost drivers: Number of setups Number of inspections Number of machine hours Home 39 300 1,100 Work 62 370 2,100 Total 101 670 3,200 Required: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Overhead Assigned Home Model: Work Model: Total Overhead Cost 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Gross MarginStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started