Product-Costing Accuracy, Plantwide and Departmental Rates, ABC

Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. SOLVE PLEASE

Product-Costing Accuracy, Plantwide and Departmental Rates, ABC Escuha Company produces two type of calculators: scientific and business. Both products pass through two producing departments. The business calculator is by far the most popular. The following data have been gathered for these two products: Units produced per year Prime costs Direct labor hours Machine hours Production runs Inspection hours Maintenance hours Product-Related Data Scientific Business 77,000 770,000 $233,000 $2,330,000 100,000 1,000,000 48,300 483,000 100 150 2,000 3,000 2,250 9,000 Department Data Department 1 Department 2 Direct labor hours: Scientific calculator Business calculator Total Machine hours: Scientific calculator Business calculator 77,800 130,000 207,800 22,200 870,000 892,200 22,900 384,720 25,400 98,280 407,620 123,680 Total Overhead costs: Setup costs Inspection costs Power $225,500 160,000 256,000 197,000 $838,500 $225,500 160,000 170,000 253,000 $808,500 Maintenance Total Required: 1. Compute the overhead cost per unit for each product using a plantwide, unit-based rate using direct labor hours. Round your calculations and answers to the nearest cent. Plantwide rate $ C X per direct labor hour Overhead cost per unit: Scientific X per unit Business X per unit 2. Compute the overhead cost per unit for each product using departmental rates. In calculating departmental rates, use machine hours for Department 1 and direct labor hours for Department 2. Round departmental rates and the overhead cost per unit to the nearest cent if rounding is required. Departmental rates: Department 1 $ x per machine hour Department 2 $ x per direct labor hour Overhead cost per unit: Scientific $ X per unit Business C ] x per unit Repeat using direct labor hours for Department 1 and machine hours for Department 2. Round departmental rates and the overhead cost per unit to the nearest cent if rounding is required. Departmental rates: Department 1 per direct labor hour Department 2 $ per machine hour Overhead cost per unit: Scientific $ per unit per unit Business 3. Compute the overhead cost per unit for each product using activity-based costing. Round your calculations and answers to the nearest cent. Overhead Cost Scientific Business per unit per unit