Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Provide the correct answers in graphs that match the question. 10 10 points 10 10 points Consider the following data for two products of Vigano

Provide the correct answers in graphs that match the question.
image text in transcribed

10 10 points 10 10 points Consider the following data for two products of Vigano Manufacturing. Activity Machine setup Parts handling Quality Total budgeted Overhead Chit Information units produced Direct materials cost Direct labor cost hours Budgeted Activity Driver Cost $ 2e,eea machine setups) 16, eee parts) (Ie inspections) 24 $ se,eee Product A Product B 2,eea units 4ee units $ 30 per unit $ 4e per unit S sa per unit $ Se per unit 2 per 2. Se per 1. using a plantwide overhead rate based on 5,000 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 Setups Part S Inspections product A 8 setups le,eee parts 4e inspections product B 12 setups s,e parts inspections O 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 5,000 direct labor hours, compute the total product cost per unit for each product. Direct Direct Per unit Product A Product B 30 e s 40 50 e s 60 e 24 e $ 30 e < Required I Cost per 104 130 e Required 2 Need help with Product Cost per unit Product A. & Units produced, and Overhead Cost per unit (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 Set u PS Parts Inspections product A 8 setups le,e parts 4e inspections product B 12 setups 6, eee parts inspections Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 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 3 and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) ompute overhead activity Machine setup Parts handling Quality inspection Show less Activiw Rate 1.000.000 per setup 1.00 'per part 240.00 e per inspection . Allocate overhead to product A, B and overhead cost per unit Machine setup parts handling Quality inspection Total allocated cost units produced Overhead cost per unit Product cost per u Per unit Product A Product B using a Allocated Cost 8.000 e s 10,000 9,600 27,600 Product Cost 94.00 0 181.00 Required I 12.000 6,000 14,400 32,400

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

Step: 3

blur-text-image

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

The Definitive Guide To Blockchain For Accounting And Business

Authors: Saurav K. Dutta

1st Edition

1789738687, 9781789738681

More Books

Students also viewed these Accounting questions

Question

Differentiate the function. r(z) = 2-8 - 21/2 r'(z) =

Answered: 1 week ago