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Coffee Bean, Inc. (CB) is a processor and distributor of a variety of blends of coffee. The company buys coffee beans from around the world and roasts, blends, and packages them for resale. CBI offers a large variety of different coffees that it sells to gourmet shops in one-pound bags. The major cost of the coffee is raw materials. However the company's predominantly automated roasting, blending. and packing processes require a substantial amount of manufacturing overhead. The company uses relatively little direct labor. Some of CBI's coffees are very popular and sell in large volumes, while a few of the newer blends sell in very low volumes. For the coming year, Cel's budget includes estimated manufacturing overhead cost of $2,583,000. CBI assigns manufacturing overhead to products on the basis of direct labor hours. The expected direct labor cost totals $410,000, which represents 41000 hours of direct labor time. The expected costs for direct materials and direct labor for one-pound bags of two of the company's coffee products appear below. Direct materiale Direct labor 10.025 hours per bag Mona Los Malaysian $ 3.30 $ 2.30 $ 0.25 $ 0.25 cel's controller believes that the company's traditional costing system may be providing misleading cost information to determine whether or not this is correct, the controller has prepared an analysis of the year's expected manufacturing overhead costs, as shown in the following table Ixpected Activity for expected cost Activity Cost Pool Activity Measure the Year for the Year Purchasing Purchase orders 1.620 orders $ 340,200 Material handling Number of setups 1,710 setups 530,100 Quality control Number of batches 510 batches 76,500 Hosting Roasting hours 95,200 roasting hours 1,047,200 Blending Blending hours 32,600 blending hours 358,600 Packaging Packaging hours 23,040 packaging hours 230,400 Total manufacturing overhead cost $2,583,000 Data regarding the expected production of Mona Loa and Malaysian coffee are presented below. There will be no raw materials inventory for either of these coffees at the beginning of the year Mona Los Malaysian Expected sales 56,000 pounds 3,000 pounds Batch site 11,000 pounds 600 pounds Setups 4 per batch 4 per batch Purchase order size 11,000 pounde 600 pounds Roasting time per 100 pounds 1 roasting hours 1 roasting hours Blending time per 100 pounds 0.5 blending hours 0.5 blending hours Packaging time per 100 pounds 0.1 packaging hours 0.1 packaging hours Required: 1. Using direct labor-hours as the base for assigning manufacturing overhead cost to products, do the following: a. Determine the predetermined overhead rate that will be used during the year. b. Determine the unit product cost of one pound of the Mona Loa coffee and one pound of the Malaysian coffee. 2. Using activity based costing as the basis for assigning manufacturing overhead cost to products, do the following a. Determine the total amount of manufacturing overhead cost assigned to the Mona Loa coffee and to the Malaysian coffee for the year b. Using the data developed in part (20) above, compute the amount of manufacturing overhead cost per pound of the Mona Loa coffee and the Malaysian coffee. c. Determine the unit product cost of one pound of the Mona Loa coffee and one pound of the Malaysian coffee Reg 1A Reg 1B Req 2A Reg 28 Reg 2c Using direct labor-hours as the base for assigning manufacturing overhead cost to products, determine the predetermined overhead rate that will be used during the year. per DLH Predetermined overhead rate R 1A Req 18> Reg 1A Reg 18 Reg 2A Reg 28 Reg 2c Using direct labor-hours as the base for assigning manufacturing overhead cost to products, determine the unit product cost of one pound of the Mona Loa coffee and one pound of the Malaysian coffee. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Mona Loa Malaysian Total unit product cost Reg 1A Reg 18 Reg 2A Reg 25 Reg 2C Using activity-based costing as the basis for assigning manufacturing overhead cost to products, determine the total amount of manufacturing overhead cost assigned to the Mona Loa coffee and to the Malaysian coffee for the year. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Mona Loa Malaysian Total manufacturing overhead cost Reg 1A Reg 1B Reg 2A Req 2B Req 2c Using activity-based costing as the basis for assigning manufacturing overhead cost to products, compute the amount of manufacturing overhead cost per pound of the Mona Loa coffee and the Malaysian coffee. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Mona Loa Malaysian Manufacturing overhead cost per pound Req 1A Reg 1B Reg 2A Reg 2B Req 2c Using activity-based costing as the basis for assigning manufacturing overhead cost to products, determine the unit product cost of one pound of the Mona Loa coffee and one pound of the Malaysian coffee. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) Mona Loa Malaysian Total unit product cost
