Prescott, Inc., manufactures bookcases and uses anactivity-based costing system. Prescott's activity areas and related datafollow: LOADING...(Click the icon to view the activity areas and relateddata.) Requirements

1.	Compute the manufacturing product cost per unit of each type of bookcase.
2.	Suppose that premanufacturingactivities, such as productdesign, were assigned to the standard bookcases at $6 each and to the unfinished bookcases at $3 each. Similar analyses were conducted of post manufacturing activities such asdistribution, marketing, and customer service. The post manufacturing costs were $ 22per standard bookcase and $13 per unfinished bookcase. Compute the full product costs per unit.
3.	Which product costs are reported in the external financialstatements? Which costs are used for management decisionmaking? Explain the difference.
4.	What price should Prescott'smanagers set for unfinished bookcases to earn a unit profit of$14?

Requirement 1. Compute the manufacturing product cost per unit of each type ofbookcase: Standard and Unfinished. (Complete all input boxes. Round answers to the nearest wholedollar.)

	Standard Bookcase	Unfinished Bookcase
Total manufacturing cost
Manufacturing cost per unit

Chapter 17-B Post-Test Budgeted Cost Activity Materials handling Assembly Finishing Cost of Activity Allocation Base Allocation Rate $250,000 Number of parts $0.80 3,500,000 Direct labor hours Number of finished units 15.00 140,000 3.60 PrescottPrescott produced two styles of bookcases in April: the standard bookcase and an unfinished bookcase, which has fewer parts and requires no finishing. The totals for quantities, direct materials costs, and other data follow: Product Standard bookcase Unfinished bookcase Total Total Direct Total Total Assembling Units Materials Number Direct Labor Produced Costs of Parts Hours 4,000 $29,300 80,500 3,000 4,600 28,400 84,500 2,400 Prescott, Inc., manufactures bookcases and uses an activity-based costing system. Prescott's activity areas and related data follow: LOADING... (Click the icon to view the activity areas and related data.) Requirements 1. Compute the manufacturing product cost per unit of each type of bookcase. 2. Suppose that premanufacturing activities, such as product design, were assigned to the standard bookcases at $ 6$6 each and to the unfinished bookcases at $ 3$3 each. Similar analyses were conducted of post manufacturing activities such as distribution, marketing, and customer service. The post manufacturing costs were $ 22$22 per standard bookcase and $ 13$13 per unfinished bookcase. Compute the full product costs per unit. 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference. 4. What price should Prescott's managers set for unfinished bookcases to earn a unit profit of $14? Requirement 1. Compute the manufacturing product cost per unit of each type of bookcase: Standard and Unfinished. (Complete all input boxes. Round answers to the nearest whole dollar.) Standard Bookcase Unfinished Bookcase Total manufacturing cost Manufacturing cost per unit