Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help me with the required questions below 1,2,3 thanks! Smoky Mountain Corporation makes two types of hiking boots-the Xtreme and the Pathfinder. Dots concerning

pls help me with the required questions below 1,2,3 thanks! image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Smoky Mountain Corporation makes two types of hiking boots-the Xtreme and the Pathfinder. Dots concerning these two product nes appear below selling price per i Det er et Diret labore Det beho The timated production and sales $140.00 $72.00 $24.00 3. 30,000 wita 499.00 $5.00 $12.00 1. 80,000 The company has a traditional conting system in which manufacturing overhead is applied to units based on direct labor hours. Duta concerning manufacturing overhead and direct labor hours for the upcoming year appear below. tuttmated matterhead tetin e sheh $1,980,000 120,000 Required 1. Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system 2. The company is considering replacing its traditional costing system with an activity based conting system that would stignit manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization sustaining costs and the Capacity cost Moty Gupporting director Batch Tad Owed to 3. 10,000.00 190,00 495.000 100 11.00, Cote the product margins for the tree and the Pander products under the activity base.com 3. Prepare a quarter of the traditional and activity based cost assignments Net > MacBook Air W 3 $ 4 % 5 & 7 6 8 7 2 W P R T . Y K H D S F Required: 1. Compute the product margins for the Xtreme and the Pathfinder products under the company's traditional costing system, 2. The company is considering replacing its traditional costing system with an activity-based costing system that would assign its manufacturing overhead to the following four activity cost pools (the Other cost pool includes organization-sustaining costs and idle capacity costs Expected Activity Ow.chead coat xide Total # 783,600 40.000 80,000 120,000 495,000 300 402,400 + 1 2 35.000 $1,100,000 Ketvities and leti Supporting direct laber direct labor-hours) Watch setup tup) Tradit sustaining (ber of prodonta) Other Total manufacturing overhead con 100 Compute the product margins for the Xtreme and the Pathfinder products under the activity-based costing system 2. Prepare a quantitative comparison of the traditional and activity based cost assignments, Complete this question by entering your answers in the tabs below. Required Requed2 Compute the product margins for the Xtreme and the Pathfinder products under the company traditional costing wystem on your intermediate conta com and inwestoran word deur Total Pro margin 12 N> MacBook Air A # 3 $ 4 % 5 & 7 8 9 0 2 6 o Q W E R T F S J G I D K Z C V M B N www manufacturing overhead to the following four activity cost pools (the Other cost pool Includes organization-sustaining costs on capacity costs) Tatimated pected Ativity Activities and Activity Man Overhead coat xt Pathfinder Total Supporting direct labor direct labor-hours) $78), 600 40,000 30,000 120,000 Thatch stupe (stop) 495,000 200 100 300 Product wintaining number of producta) 602,400 Other 99,000 NA NA Total manufacturing overhand cost $ 1,980,000 Compute the product margins for the Xtreme and the Pathfinder products under the activity based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Compute the product margins for the Xtreme and the Pathfinder products under the activity-based conting system. Inegative product margins should be vndicated by an in Hound your intermediate calculations to decimal places) Xtreme Pathfinder Total Product margin Pro Next > MacBook All 90 . 100 # 3 $ 4 2 % 5 8 7 9 8 0 2 W E R T Y 1 S F D K I Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2 decimal places and Percentage answers to 1 decimal place.) Total Xtreme % of Amount Total Amount Pathfinder of Amount Total Amount Amount Traditional Cost System % $ Total cost assigned to products S 0 0 Xtreme Total Pathfinder Wo Amount Total Amount Ainoni Total Amount Amount Activity Based Coxing System Direct costs Indirect costs 5 0 5 0 1 0 Total cost ogroducts Costined to products 28 Next > MacBook Air 30 IT FI * # 3 $ 4 % 5 6 & 7 8 0 2 2 W E R E T Y o U S D F G J

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Accounting

Authors: Needles, Powers, crosson

11th Edition

1439037744, 978-1133626985, 978-1439037744

More Books

Students also viewed these Accounting questions