Question 1 and 2 attatched

Drilling question

Compute the total manufacturing costs and the unit costs of the90 units just completed using ABC costing.(Round your intermediate and final answers to 2 decimal places.)

Total manufacturing cost

Manufacturing cost per unit

Fleet Street Inc., a manufacturer of high-fashion clothing for women, is located in South London in the UK. Its product line consists of trousers (35%), skins (40%), dresses (15%), and other (10%). Fleet Street has been using a volume-based rate to assign overhead to each product; the rate it uses is 2.45 per unit produced. The results for the trousers line, using the volume-based approach, are as follows: Number of units produced 12,666 Price (all Figures in ) 27.44 Total revenue 329,286 Direct materials 54,166 Direct labor 186,766 Overhead (volume-based) 29,466 Total product cost 264,266 Nonmanufacturing expenses 49,366 Total cost 313,566 Profit margin for trousers 15:783 Recently, Fleet Street conducted a further analysis of the trousers line of product, using ABC. In the study, eight activities were identified, and direct labor was assigned to the activities. The total conversion cost (labor and overhead) for the eight activities, after allocation to the trousers line, is as follows: Pattern cutting 37,316 Grading 31,966 Lay planning 31,666 Sewing 35,666 Finishing 23,766 Inspection 16,666 Boxing up 5,766 Storage 11,499 | Required: Determine the prot margin for trousers using ABC. _; Drilling Company uses activity-based costing and provides this information: Driver Manufacturing .Activity Cost Driver Rate Materials handling Number of parts 35 8.4 Machinery Number of machine hours 61 Assembly Number of parts 3.35 Inspection Number of finished units 46 Drilling hasjust completed 90 units ofa component for a customer. Each unit required 110 parts and 3.50 machine hours. The prime cost is $1,400 per finished unit. All other manufacturing costs are classified as manufacturing overhead. Required: 1. Compute the total manufacturing costs and the unit costs of the 90 unitsjust completed using ABC costing. 2. in addition to the manufacturing costs, the firm has determined that the total cost of upstream activities, including research and development and product design, is $190 per unit. The total cost of downstream activities, such as distribution, marketing, and customer service, is $310 per unit. Compute the full product cost per unit, including upstream, manufacturing, and downstream activities. Also compute the relative proportion of each main cost category. Complete this question by entering your answers in the tabs below. Required 1 Required 2 In addition to the manufacturing costs, the rm has determined that the total cost of upstream activities, including research and development and product design, is $190 per unit. The total cost of downstream activities, such as distribution, marketing, and customer service, is $310 per unit. Compute the full product cost per unit, including upstream, manufacturing, and downstream activities. Also compute the relative proportion of each main cost category. (Round your answers to 2 decimal places.) Show lessA Computation of full cost: Upstream activity costs Manufacturing costs Downstream activity oosts Full product cost per unit ( Required 1