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please show calculations too, thanks :) Consider the following data for two products of Vigano Manufacturing Activity Machine setup Parts handling Quality inspections Total budgeted
please show calculations too, thanks :)
Consider the following data for two products of Vigano Manufacturing Activity Machine setup Parts handling Quality inspections Total budgeted overhead Budgeted Cost Activity Driver $ 13,800 (20 machine setups) 10,480 (16,000 parts) 15,60 (100 inspections) $ 39,000 Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Product A 1,300 units $ 23 per unit $ 43 per unit 2 per unit Product 8 260 units $ 33 per unit $ 53 per unit 2.5per unit 1. Using a plantwide overhead rate based on 3,250 direct labor hours, compute the total product cost per unit for each product 2. Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each Actual Activity Usage Product A Product B Setups 8 setups 12 setups Parts 18,eee parts 6,000 parts Inspections 40 inspections 6e inspections Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 3,250 direct labor hours, compute the total product cost per unit for each product. Direct Materials Per Unit Direct Labor Product Cost per Overhead Unit Is $ 43 $ Product A Product B 23 33 24 30 53 Consider the following additional Information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and compute product cost per unit for each. (Round your final answers to 2 decimal places.) a. Compute overhead activity rates Activity Activity Rate Machine setup Is 650.00 per setup Parts handling S 0.65 per part Quality inspection S 156,00 per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Activity Product A Product B Machine setup Parts handling Quality inspection Total allocated cost $ 0 $ 0 Units produced Overhead cost per unit c. Product cost per unit using activity-based costing Product Cost Per Unit per Unit Product A Product B Step by Step Solution
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