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Please No Image I need in excel Part D: Process Costing using First-in-First Out (FIFO) Crone Corporation uses the FIFO method in its processing costing

Please No Image I need in excel

Part D: Process Costing using First-in-First Out (FIFO) Crone Corporation uses the FIFO method in its processing costing system. The following data concern the company's Assembly Department for the month of October. Cost in beginning work in process inventory ........ $1,920 Units started and completed this month ................ 3,130 Materials Conversion Cost per equivalent unit ......................................... $9.50 $20.40 Equivalent units required to complete the units in beginning work in process inventory ................. 360 140 Equivalent units in ending work in process inventory ............................................................ 330 264 Required: Determine the cost of ending work in process inventory and the cost of units transferred out of the department during October using the FIFO method. Part E: Activity-Based Costing Welk Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). The company has two products, H16Z and P25P, about which it has provided the following data: H16Z P25P Direct materials per unit ................ $10.20 $50.50 Direct labor per unit ...................... $8.40 $25.20 Direct labor-hours per unit ............ 0.40 1.20 Annual production ......................... 30,000 10,000 The companys estimated total manufacturing overhead for the year is $1,464,480 and the companys estimated total direct labor-hours for the year is 24,000. The company is considering using a variation of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing system appear below: Activities and Activity Measures Estimated Overhead Cost Supporting direct labor (DLHs) ................. $ 552,000 Setting up machines (setups) ..................... 132,480 Parts administration (part types) ................ 780,000 Total ........................................................... $1,464,480 H16Z P25P Total Supporting direct labor ...... 12,000 12,000 24,000 Setting up machines ........... 864 240 1,104 Parts administration ........... 600 960 1,560 Required: a. Determine the manufacturing overhead cost per unit of each of the company's two products under the traditional costing system. b. Determine the manufacturing overhead cost per unit of each of the company's two products under activity-based costing system.

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