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Q: Calculate the overhead rate per unit of activity for each of the five cost pools. Show work if possible and I will try to
Q: Calculate the overhead rate per unit of activity for each of the five cost pools.
Show work if possible and I will try to like ASAP.
Problem 6-12 The ToyCo Shoppe is a national bakery that is known for its strawberry cheesecake. It makes 12 different kinds of cheesecake as well as many other types of bakery items. It has recently adopted an activity-based costing system to assign manufacturing overhead to products. The following data relate to its strawberry cheesecake and the ABC cost pools: Strawberry Cheesecake: Annual production Direct materials per unit Direct labor per unit 18,900 units $10 $2 Cost Pool Materials ordering Materials inspection Equipment setup Quality control Other Total manufacturing overhead Cost $62,960 72,540 113,100 75,400 118,200 $442,200 Cost Driver Number of purchase orders Number of receiving reports Number of setups Number of inspections Direct labor cost Annual activity information related to cost drivers: Cost Pool Strawberry Cheesecake 100 Materials ordering Materials inspection Equipment setup Quality control Other All Products 7,870 orders 390 receiving report 3,770 setups 3,770 inspections $1,970,000 direct labor 150 $37,800 Calculate the overhead rate per unit of activity for each of the five cost pools. (Round overhead rate for Other Cost Pool to 2 decimal places, e.g. 15.25.) Cost Pool Materials ordering Overhead rate per order Materials inspection per receiving report Equipment setup per setup Quality control per inspection Other per labor cost LINK TO TEXT Calculate the total overhead assigned to the production of the strawberry cheesecake. Overhead assigned to Strawberry Cheesecake LINK TO TEXT Calculate the overhead cost per unit for the strawberry cheesecake. (Round answer to 3 decimal places, e.g. 15.254.) Overhead cost $ per unit LINK TO TEXT Calculate the total unit cost for the strawberry cheesecake. (Round answer to 3 decimal places, e.g. 15.254.) Total cost $ per unit LINK TO TEXT Suppose that the ToyCo Shoppe allocates overhead by a traditional production volume-based method using direct labor dollars as the allocation base and one cost pool. Determine the overhead rate per direct labor dollar and the per unit overhead assigned to the strawberry cheesecake. (Round answers to 3 decimal places, e.g. 15.254.) Overhead rate per direct labor dollar $ per unit Direct labor cost Overhead assigned per unit Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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