Siegel Company manufactures product that is available in both a deluxe model and a regular model. The company has manufactured the regular model for years. The deluxe model was introduced several years ago to tap a new segment of the market. Since introduction of the deluxe model, the company's profits have steadily declined and management has become increasingly concerned about the accuracy of its costing system. Sales of the deluxe model have been increasing rapidly. Manufacturing overhead is assigned to products on the basis of direct labor-hours. For the current year, the company has estimated that it will incur $6.906,275 in manufacturing overhead cost and produce 23.000 units of the deluxe model and 112.000 units of the regular model. The deluxe model requires 10 hours of direct labor time per unit, and the regular model requires 0.5 hour. Material and labor costs per unit are as follows: Model Deluxe Regular Direct materials Direct labor $ 13 $ 18 Required: 1-o. Using direct labor-hours as the base for assigning manufacturing overhead cost to products, compute the predetermined overhead rate. 1-b. Using the predetermined overhead rate computed in 1-3 above and other data from the problem, determine the unit product cost of each model 2. Management is considering using activity-based absorption costing to apply manufacturing overhead cost to products. The activity based system would have the following four activity cost pools: Activity Cost Pool Purchasing Activity Measure Purchase orders issued Machine-hours Scrap/rework orders issued Number of shipments Estimated Overhead Cost $ 270,see 4,377, see 619,875 1,638, eee $6,986,275 Scrap/rework Shipping Activity Measure Purchase ordens 13sued Machine hours scrap/rowork orders 15 sucd Number of shipments Expected Activity Deluxe Regular Total 429940 1.250 28,6ee38,90 51,5ee 6,240 9,36 15,600 Determine the predetermined overhead rate for each of the four activity cost pools. 3. Using the predetermined overhead rotes you computed in part 2), do the following: o. Compute the total amount of manufacturing overhead cost that would be applied to each model using the activity-based absorption costing system. After these totals have been computed, determine the amount of manufacturing overhead cost per unit of each model b. Compute the unit product cost of each model (direct materials, direct labor, and manufacturing overhead). Complete this question by entering your answers in the tabs below. Red 1A Reg 1B Reg 2 Rey 3A Reg 3 Using direct labor-hours as the base for assigning manufacturing overhead cost to products, compute the predetermined overhead rate. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH ROSTA Req 18 > Siegel Company manufactures a product that is available in both a deluxe model and a regular model. The company has manufactured the regular model for years. The deluxe model was introduced several years ago to tap a new segment of the market. Since introduction of the deluxe model, the company's profits have steadily declined and management has become increasingly concerned about the accuracy of its costing system. Soles of the deluxe model have been increasing rapidly. Manufacturing overhead is assigned to products on the basis of direct lobor-hours. For the current year, the company has estimated that it will incur $6.906,275 in manufacturing overhead cost and produce 23,000 units of the deluxe model and 112.000 units of the regular model. The deluxe model requires 1.0 hours of direct labor time per unit, and the regular model requires 0.5 hour. Material and labor costs per unit are as follows: Direct materials Direct labor Required: 1-. Using direct labor-hours as the base for assigning manufacturing overhead cost to products, compute the predetermined overhead rate 1-b. Using the predetermined overhead rate computed in 1-3 above and other data from the problem, determine the unit product cost of each model. 2. Management is considering using activity-based absorption costing to apply manufacturing overhead cost to products. The activity- based system would have the following four activity cost pools: Activity Cost Pool Purchasing Processing Scrap/rework Shipping Activity Measure Purchase orders issued Machine hours Scrap/rework orders issued Number of shipments Estimated Overhead Cost $ 270,sea 4, 377,5ee 619.875 Activity Measure Expected Activity Deluxe Regular 420 840 1,260 20,688 38,9ee51,500 475 6,248 9,350 15,60e Machine hours Scrap/rework orders issued Number of shipments Determine the predetermined overhead rate for each of the four activity cost pools. 3. Using the predetermined overhead rates you computed in part (2). do the following: a. Compute the total amount of manufacturing overhead cost that would be applied to each model using the activity-based absorption costing system. After these totals have been computed, determine the amount of manufacturing overhead cost per unit of each model. b. Compute the unit product cost of each model (direct materials, direct labor, and manufacturing overhead). Complete this question by entering your answers in the tabs below. Req IA Regia Reg 18 Req 18 Reg 2 Rey 2 Red 3A Reqsa Reg 3B Req 32 Using the predetermined overhead rate computed in 1-a above and other data from the problem, determine the unit product cast of each model. (Round your intermediate calculations and final answers to 2 decimal places.) Model Regular Deluxe Unit product cont Reg 1A Reg 2 > Siegel Company manufactures product that is available in both a deluxe model and a regular model. The company has manufactured the regular model for years. The deluxe model was introduced several years ago to tap a new segment of the market. Since introduction of the deluxe model, the company's profits have steadily declined and management has become increasingly concerned about the accuracy of its costing system. Sales of the deluxe model have been increasing rapidly. Manufacturing overhead is assigned to products on the basis of direct labor-hours. For the current year, the company has estimated that it will incur $6.906,275 in manufacturing overhead cost and produce 23.000 units of the deluxe model and 112.000 units of the regular model. The deluxe model requires 1.0 hours of direct labor time per unit, and the regular model requires 0.5 hour. Material and labor costs per unit are as follows: Deluxe $ 159 Regular $ 107 Direct materials Direct labor Required: 1-o. Using direct labor-hours as the base for assigning manufacturing overhead cost to products, compute the predetermined overhead rate. 1-b. Using the predetermined overhead rate computed in 1-0 above and other data from the problem, determine the unit product cost of each model 2. Management is considering using activity-based absorption costing to apply manufacturing overhead cost to products. The activity based system would have the following four activity cost pools: Activity Cost Pool Purchasing Activity Measure Purchase orders issued Machine-hours Scrap/rework orders issued Number of shipments Estimated Overhead Cost $ 270,see 4,377, see 619,875 1,638,eee $6,936,275 Scrap/rework Shipping Activity Measure Purchase orders issued Machine hours Scrap/rowork orders issued Number of shipments Expected Activity Deluxe Regular Total 429940 1.250 28,600 30,900 $1,500 475 390 855 6,240 9,362 15,600 Determine the predetermined overhead rate for each of the four activity cost pools. 3. Using the predetermined overhead rates you computed in part 2). do the following: 6. Compute the total amount of manufacturing overhead cost that would be applied to esch model using the activity-based absorption costing system. After these totals have been computed, determine the amount of manufacturing overhead cost per unit of each model. b. Compute the unit product cost of each model (direct materials, direct labor, and manufacturing overhead). Complete this question by entering your answers in the tabs below. Rey 1A Reg 1B Reg 2 Red 3A Reg 38 Determine the predetermined overhead rate for each of the four activity cost pools. Activity Cost Pool Predetermined Overhead Rate per purchase order Purchasing Processing Scrap/rework Shipping per MH per order per shipment Reg 18 Reg SA > Siegel Company manufactures a product that is available in both a deluxe model and a regular model. The company has manufactured the regular model for years. The deluxe model was introduced several years ago to tap a new segment of the market. Since introduction of the deluxe model, the company's profits have steadily declined and management has become increasingly concerned about the accuracy of its costing system. Sales of the deluxe model have been increasing rapidly. Manufacturing overhead is assigned to products on the basis of direct laborhours. For the current year, the company has estimated that it will incur $6.906,275 in manufacturing overhead cost and produce 23.000 units of the deluxe model and 112,000 units of the regular model. The deluxe model requires 10 hours of direct labor time per unit, and the regular model requires 0.5 hour. Material and labor costs per unit are as follows: Model Deluxe Regular $ 1595 17 $135 Direct materials Direct labor Required: 1-8. Using direct labor-hours as the base for assigning manufacturing overhead cost to products, compute the predetermined overhead rate. 1-b. Using the predetermined overhead rate computed in 1-3 above and other data from the problem, determine the unit product cost of each model 2. Management is considering using activity-based absorption costing to apply manufacturing overhead cost to products. The activity based system would have the following four activity cost pools: Activity Cost Pool Purchasing Processing Scrap/rework Shipping Activity Measure Purchase orders issued Machine-hours Scrap/rework orders issued Number of shipments Estimated Overhead Cast $ 270,900 4,377.500 619.875 $6,926,275 Activity Measure Purchase orders issued Machine-hours Scrap/rework orders issued Number of shipments Expected Activity Deluxe Regular Total 840 1,25e 20,6ee38,908 51,5ee 475352855 6,242 9,362 15,600 Determine the predetermined overhead rate for each of the four activity cost pools. 3. Using the predetermined overhead rates you computed in part 2), do the following: 2. Compute the total amount of manufacturing overhead cost that would be applied to each model using the activity-based absorption costing system. After these totals have been computed, determine the amount of manufacturing overhead cost per unit of each model. b. Compute the unit product cost of each model (direct materials, direct labor, and manufacturing overhead). Complete this question by entering your answers in the tabs below. Reg 1A Rea 12 R2 Red 3A Rey 38 Compute the total amount of manufacturing overhead cost that would be applied to each model using the activity-based absorption costing system. Alter these totals have been computed, determine the amount of manufacturing overhead cost per unit of each model. (Round your intermediate calculations and Overhead cost per unit" answers to 2 decimal places.) Model Deluxe Regular Activity Coat Pool Total overhead cost Overhead cost per unit Siegel Company manufactures a product that is available in both a deluxe model and a regular model. The company has manufactured the regular model for years. The deluxe model was introduced several years ago to tap a new segment of the market. Since introduction of the deluxe model, the company's profits have steadily declined and management has become increasingly concerned about the accuracy of its costing system. Sales of the deluxe model have been increasing rapidly. Manufacturing overhead is assigned to products on the basis of direct labor-hours. For the current year, the company has estimated that it will incur $6.906,275 in manufacturing overhead cost and produce 23,000 units of the deluxe model and 112.000 units of the regular model. The deluxe model requires 1.0 hours of direct labor time per unit, and the regular model requires 0.5 hour. Material and labor costs per unit are as follows: Deluxe Regular Direct materials Direct labor Required: 1-0. Using direct labor-hours as the base for assigning manufacturing overhead cost to products, compute the predetermined overhead rate. 1-b. Using the predetermined overhead rate computed in 1-0 above and other data from the problem, determine the unit product cost of each model. 2. Monagement is considering using activity-based absorption costing to apply manufacturing overhesd cost to products. The activity- based system would have the following four activity cost pools: Activity Cost Pool Purchasing Activity Measure Purchase orders issued Machine-hours Scrap/rework orders issued Number of shipments Estimated Overhead Cost $ 270,90 4,377. See 619,875 1,638, Bee $6,986,275 Scrap/rework Shipping Expected Activity Deluxe Regular Total Activity Measure Purchase orders 15 suod Machine hours Scrap/rework orders issued Number of shiprents 28,600 32,900 51,5ee 6.240 9,360 15,600 Determine the predetermined overhead rate for each of the four activity cost pools. 3. Using the predetermined overhead rates you computed in part (2), do the following: a. Compute the total amount of manufacturing overhead cost that would be applied to each model using the activity-based absorption costing system. After these totals have been computed, determine the amount of manufacturing overhead cost per unit of each model b. Compute the unit product cost of each model (direct materials, direct labor, and manufacturing overhead). Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req2 Red 3A Rey 38 Compute the unit product cost of each model (direct materials, direct labor, and manufacturing overhead). (Round your intermediate calculations and final answers to 2 decimal places.) Model Deluxe Regular Direct materials Direct labor Manufacturing overhead Total unit product costs 0.00 5 0 .00 (ReqSA