Question 3, 4endsum1 (similar to) ) HW Score: 0%, O of 7 points @3 Part 1 of 7 0 Points: 0 of 1 save l

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Question 3, 4endsum1 (similar to) ) HW Score: 0%, O of 7 points @3 Part 1 of 7 0 Points: 0 of 1 save l \\ Albany Auto Parts (AAP) has a Seat Manufacturing Department that uses ABC AAP's activity coat allocation rates include the following: ' E (Click on the icon to View ABC system data.) \\ Suppose Ford has asked for a bid on 31,000 builtin baby seats that would be installed as an option on some Ford SUVs. Each seat has 16 parts and the direct materials cost per seat is $13, The job would require 8,000 direct labor hours at a labor wage rate of $18 per hour. in addition, AAP i will use a total of 600 machine hours to fabricate some of the parts required for the aeats. /l\\ \\ Read the requirements\" l 1 ,W.\" a f'} i l Requirement 1. Calculate the total cost of producing and packaging 31,000 baby seats Also calculate the average cost per seat. (Round the F average cost per seat to the nearest cent) Direct materials Direct labor Allocated overhead: t Machining i Assembling Packaging , '1 Total cost of order Divide by number oi seats Average cost per seat Question 3, 4endsum1 (similar to) HW Score: 0%, 0 of 7 points work Part 1 of 7 O Points: 0 of 1 Save Albany Auto Parts (AAP) has a Seat Manufacturing Department that uses ABC. AAP's activity cost allocation rates include the following: (Click on the icon to view ABC system data.) Suppose Ford has asked for a bid on 31,000 built-in baby seats that would be installed as an option on some Ford SUVs. Each seat has 16 parts and the direct materials cost per seat is $13. The job would require 8,000 direct labor hours at a labor wage rate of $18 per hour. In addition, AAP will use a total of 600 machine hours to fabricate some of the parts required for the seats. Read the requirements. -X Data table erage cost per seat. (Round the Activity Allocation Base Activity Cost Allocation Rate Machining Number of machine hours $70.00 per machine hour Assembling Number of parts 0.90 per part Packaging Number of finished seats 1.60 per finished seat Print Donemework Question 3, 4endsum1 (similar to) HW Score: 0%, 0 of 7 points Part 1 of 7 Points: 0 of 1 Save K Albany Auto Parts (AAP) has a Seat Manufacturing Department that uses ABC. AAP's activity cost allocation rates include the following: EEE (Click on the icon to view ABC system data.) Suppose Ford has asked for a bid on 31,000 built-in baby seats that would be installed as an option on some Ford SUVs. Each seat has 16 parts and the direct materials cost per seat is $13. The job would require 8,000 direct labor hours at a labor wage rate of $18 per hour. In addition, AAP will use a total of 600 machine hours to fabricate some of the parts required for the seats. X Requirements 1. Calculate the total cost of producing and packaging 31,000 baby seats. Also calculate the age cost per seat. (Round the average cost per seat. . For bidding, AAP adds a 40% markup to total cost. What price will the company bid for the Ford order? 3. Suppose that instead of an ABC system, AAP has a traditional product costing system that allocates manufacturing overhead at a plantwide overhead rate of $75 per direct labor hour. The baby seat order will require 8,000 direct labor hours. Calculate the total cost of producing the baby seats and the average cost per seat. What price will AAP bid using this system's total cost? 4. Use your answers to Requirements 2 and 3 to explain how ABC can help AAP make a better decision about the bid price it will offer Ford. Print Done