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Please make sure all the charts and questions are filled out : ) Steampunk Corporation has the following predicted indirect costs and cost drivers for

Please make sure all the charts and questions are filled out
:)
Steampunk Corporation has the following predicted indirect costs and cost drivers for the year for the given activity cost pools:
Fabrication
Department Finishing
Department Cost Driver
Maintenance $96,00048,000 Machine hours
Materials handling 144,00072,000 Material moves
Machine 336,00024,000 Machine setups
Inspections -120,000 Inspection hours
Total $ 576,000 $264,000
The following activity predictions were also made for the year:
Fabrication
Department Finishing
Department
Machine hours 5,0002,500
Material moves 1,500750
Machine setups 35025
Inspection hours -500
It is assumed that the cost per unit of activity for a given activity does not vary between departments. Steampunk's president, Abner Punk, is trying to evaluate the company's product mix strategy regarding two of its product models, SW100 and SG150. The company has been using a company wide overhead rate based on machine hours but is considering switching to either department rates of activity-based rates. The production manager has provided the following data for the production of a batch of 100 units for each of these models:
SW100 SG150
Direct materials cost $ 32,000 $ 48,000
Direct labor cost $ 12,800 $9,600
Machine hours (Fabrication)250350
Machine hours (Finishing)10050
Materials moves 2040
Machine setups 510
Inspection hours 1530
a. Determine the cost of one unit each of SW100 and SG150, assuming a company-wide overhead rate is used based on total machine hours.
Round rate to two decimal places.
Overhead rate based on total machine hours: $Answer
0
per machine hour
Use rounded overhead rate calculated about for calculations below. Round cost answers to the nearest whole number. Round cost per unit to two decimal places.
Product Costs per Unit SW100 SG150
Direct materials Answer
32,000
Answer
48,000
Direct labor Answer
12,800
Answer
9,600
Manufacturing overhead Answer
39,360
Answer
45,600
Total cost per batch Answer
84,160
Answer
103,200
Number of units per batch Answer
100
Answer
100
Cost per unit Answer
842
Answer
1,032
b. Determine the cost of one unit of SW100 and SG150, assuming department overhead rates are used. Overhead is assigned based on machine hours in both departments.
Round to two decimal places, if applicable.
Overhead rate based on machine hours for Fabrication Dept.: $Answer
0
per machine hour.
Overhead rate based on machine hours for Finishing Dept.: $Answer
0
per machine hour.
Use rounded overhead rate calculated above for calculations below. Round cost answers to the nearest whole number, when needed. Round cost per unit to two decimal places, if needed.
Product Costs per Unit SW100 SG150
Direct materials Answer
0
Answer
0
Direct labor Answer
0
Answer
0
Manufacturing overhead:
Fabrication Dept. Answer
0
Answer
0
Finishing Dept.
Answer
0
Answer
0
Total cost per batch
Answer
0
Answer
0
Number of units per batch Answer
0
Answer
0
Cost per unit
Answer
0
Answer
0
c. Determine the cost of one unit of SW100 and SG150, assuming activity-based overhead rates are used for maintenance, materials handling, machine setup, and inspection activities.
Round rate to two decimal places, if applicable.
Activity-based overhead rates:
Maintenance Answer
19
Materials handling Answer
96
Machine setup Answer
960
Inspection activities Answer
240
Use rounded overhead rate calculated above for calculations below. Round cost answers to the nearest whole number, when needed. Round cost per unit to two decimal places, if needed.
Product Costs per Unit SW100 SG150
Direct materials Answer
0
Answer
0
Direct labor Answer
0
Answer
0
Manufacturing overhead:
Maintenance activity Answer
0
Answer
0
Materials handling activity Answer
0
Answer
0
Machine setups activity Answer
0
Answer
0
Inspections activity
Answer
0
Answer
0
Total cost per batch Answer
0
Answer
0
Number of units per batch Answer
0
Answer
0
Cost per unit
Answer
0
Answer
0

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