req 1a,1b,2,3a,3b

Problem 4-15 (Algo) Contrasting ABC and Conventional Product Costs [LO4-2, LO4-3, LO4-4] Marine, Incorporated, manufactures a product that is available in both a flexible and a rigid model. The company has made the rigid model for years; the flexible model was introduced several years ago to tap a new segment of the market. Since introduction of the flexible model, the company's profits have steadily declined, and management has become concemed about the accuracy of its costing system. Sales of the flexible model have been increasing rapidly. Overhead is applied to products on the basis of direct labor-hours. At the beginning of the current year, management estimated that $370,000 in overhead costs would be incurred and the company would produce and sell 1,000 units of the flexible model and 8,000 units of the regular model. The flexible model requires 2.0 hours of direct labor time per unit, and the regular model requires 1.00 hours. Direct materials and labor costs per unit are given below: Required: 1-a. Compute the predetermined overhead rate using direct labor-hours as the basis for allocating overhead costs to products. 1.b. Compute the unit product cost for one unit of each model. 2. An intern suggested that the company use activity-based costing to cost its products. A team was formed to investigate this idea. It came back with the recommendation that four activity cost pools be used. These cost pools and their associated activities are listed as follows: Compute the activity rate for each of the activity cost pools. 3-a. Using activity-based costing, determine the total amount of overhead that would be assigned to each model for the year, 3-b. Using activity-based costing, compute the unit product cost for one unit of each model. Complete this question by entering your answers in the tabs below. Compute the predetermined overhead rate using direct labor-hours as the basis for allocating overhead costs to products: Marine, Incorporated, manufactures a product that is available in both a flexible and a rigid model. The company has made the rigid model for years; the flexible model was introduced several years ago to tap a new segment of the market. Since introduction of the flexible model, the company's profits have steadlly declined, and management has become concemed about the accuracy of its costing system. Sales of the flexible model have been increasing rapidly. Overhead is applied to products on the basis of direct fabor-hours. At the beginning of the current year, management estimated that $370,000 in overhead costs would be incurred and the company would produce and sell 1,000 units of the flexible model and 8,000 units of the regular model. The flexible model requires 2.0 hours of direct labor time per unit, and the regular model requires 1.00 hours. Direct materials and labor costs per unit are given below: Required: 1-a. Compute the predetermined overhead rate using direct labor-hours as the basis for allocating overhead costs to products: 1.b. Compute the unit product cost for one unit of each model. 2. An intern suggested that the company use activity-based costing to cost its products. A team was formed to investigate this idea. It came back with the recommendation that four activity cost pools be used. These cost pools and their associated activities are listed as follows: Compute the activity rate for each of the activity cost pools. 3-a. Using activity-based costing, determine the total amount of overhead that would be assigned to each model for the year. 3-b. Using activity-based costing, compute the unit product cost for one unit of each model. Complete this question by entering your answers in the tabs below. Compute the unit product cost for one unit of each model. Marine, Incorporated, manufactures a product that is available in both a flexible and a rigid model. The company has made the rigid model for years; the flexible model was introduced several years ago to tap a new segment of the market, Since introduction of the flexible model, the company's profits have steadily declined, and management has become concerned about the accuracy of its costing system. Sales of the flexible model have been increasing rapidly. Overhead is applied to products on the basis of direct labor-hours. At the beginning of the current year, management estimated that $370,000 in overhead costs would be incurred and the company would produce and sell 1,000 units of the flexible model and 8,000 units of the regular model. The flexible model requires 2.0 hours of direct labor time per unit, and the regular model requires 1.00 hours. Direct materials and labor costs per unit are given below: Required: 1-a. Compute the predetermined overhead rate using direct labor-hours as the basis for allocating overhead costs to products. 1.b. Compute the unit product cost for one unit of each model. 2. An intern suggested that the company use activity-based costing to cost its products. A team was formed to investigate this idea. it came back with the recommendation that four activity cost pools be used. These cost pools and their associated activities are listed a follows: Compute the activity rate for each of the activity cost pools. 3.a. Using activity-based costing. determine the total amount of overhead that would be assigned to each model for the year. 3-b. Using activity-based costing, compute the unit product cost for one unit of each model. Complete this question by entering your answers in the tabs below. Compute the activity rate for each of the activity cost poois. costing system. Salies af the flevibie model havi been increasing tapidey hours. Direct materith and labor costs per urit are grien beiow. Required: 1-b. Compute the unt product cost for one unt of esch moded Hollows: Compuse the activity rate for each ef the activity cost poois. 3. U. Uing activity based costing compute the unit product cost for one unt of each model Complete this question by entering your anwwers in the tabs beiew. thenble modes the comparty's piofits byee stesdoy decinod, and manegement has become concamed about the accuracy of a cosing system. Sales of the fexible modes have been increasing rapioly Cvemead is appled in preducts on the basis of cirect labot hours At the beginring of the curent yest maragenext esti-nted sut hours, Cirect -ateriss and labor costs per und ace given beiowe Required: Ha. Cempute the unit product cost for one unit of each model folow? Compute the octivity rate for each of the activity coses pooks: 3-b. Userg activfy based costing, combute the und product cost fre sne ust of each model. Complete this quevisen by entering vour anweers in the tabs below