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Please show work on how to compute the following for ABC COSTING. Need to figure out manufacturing overhead, product margin and cost per unit (need
Please show work on how to compute the following for ABC COSTING. Need to figure out manufacturing overhead, product margin and cost per unit (need formula/work) shown, please.
Basic Information Selling Price Per Unit - Direct Materials Per Unit Direct Labor Per Unit Direct Labor Hours Per Unit - Estimated Annual Production and Sales $ $ $ Trees 12.99 $ 0.99 $ 2.00 $ 0.2 8,908 Sod 0.38 0.01 0.09 0.009 1,556,851 units O January A 1 #produced and sold of each product 2 St. Augustine Sod in sq feet 3 Texas Pecan Trees ICD E F G H M N Februar March April May June July August September October November December TOTAL 140,763 178256 85,948 177,005 145,800 159,626 116,407 130,832 62,790 132715 62081 164628 1556851 sq.ft 789 9 87| 456 456 867 680 457 667 907 789 956 897 8,908 Estimated Overhead (last year's numbers) 2 Planting 47,000 3 Irrigation 19,000 Product Support 19,046 5 Harvesting 21,567 Inspections 4,564 Property Taxes 6,754 3 TOTAL 117,931 B Planting 20% 80% % of overhead costs by product St. Augustine Sod in sq feet Texas Pecan Trees year old trees C Irrigating 20% 80% D Product Support 7% 93% Harvesting 40% Property Taxes Inspections 40% 10% 60% 90% 60% - Overhead costs by product St. Augustine Sod in sq feet Texas Pecan Trees year old trees $ $ Planting 9,400.00 37,600.00 Irrigating $ 3,800.00 $ 15,200.00 Product Support $ 1,333.22 $ 17,712.78 $ $ Harvesting Property Taxes Inspections 8,626.80 $ 2,701.60 $ 456.40 $ 12,940.20 $ 4,052.40 $ 4,107.60 $ TOTALS 26,318.02 91,612.98 $ 117,931.00 U 2 Overhead 3 Planting - Irrigation 5 Product Support 5 Harvesting 7 Inspections 3 Property Taxes TOTAL 47,000 19,000 19,046 21,567 4,564 6,754 117,931 Sod Trees $ 115,714.92 $ 114,557.77 $591,603.38 $ 15,568.51 1 ABC Costing: 2 Sales 3 Direct Materials 4 Direct Labor 5 Manufacturing Overhead 5 Product Margin 3 per unit - $Step by Step Solution
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