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Question:
Requirements/Data:
Owen, Ino, manufactures bookcases and uses an activity-based costing system. Owen's activity areas and related data follow: (Click the icon to view the activity areas and related data) Owen produced two styles of bookcases in October: the standard bookcase and an unfinished bookcase, which has fewer parts and requires no finishing. The totals for quantities, direct materials costs, and other data follow: (Click the icon to view the totals for quantities, direct materials costs, and other data.) Read the requirements, Requirement 1. Compute the manufacturing product cost per unit of each type of bookcase. (Enter a "0" for any zero-balances.) Standard Bookcase Unfinished Bookcase Total manufacturing cost Manufacturing cost per unit Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts 5 remaining Clear All Check Answer Owen, Inc. manufactures bookcases and uses an activity-based costing system. Owen's activity areas and related data follow: Click the icon to view the activity areas and related data.) Owen Juduced two styles of bookcases in October: the standard bookcase and an unlinished bookcase, which has lower pants and requires no finishing. The loals for quantios, directorial custs, and other data follow l the icon to view the totalis for quantities, direct materials costs, and other data) > E Dal Stable - X D i Dala Tablo - X Predetermined Overhead Budgeted Cost of Activity Total Assembling Direct Labor Hours Activity Allocation Base Allocation Rate Product Standard backcase Total Direct Total Direct Materials Labor Costs Costs S 91,000 S 105,000 88,000 80,000 Total Units Produced 7,000 8,000 Total Number of Parts 21.000 18.000 10,500 2.000 Unfinished bookcase Materials handling $ 220,000 Number of parts 0.50 Assembly 3,300,000 Number of assembling direct labor hours 12.00 Finishing 160,000 Number of finished units 3.50 *Refers to number of units receiving the finishing activity, not the number of units transferred to Finished Goods Print Done Inventory i Requirements - X Print Done 1. Compute the manufacturing product cost per unit of each type of bookcase 2. Suppose that pre-manufacturing activities, such as product design, were Sesigned to the standard bookcases at $1 each and to the unfinished bookcases at S3 each, Simar analyses were conducted of post- manufacturing activities such as distribution, marketing, and customer service. The post-manufacturing costs were $23 per standard bookcase and S18 per unfinished bookcase. Compute the full product costs per unit 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference 4. What price should Owen's managers set for unfinished bookcases to earn net profit of S19 per bookcase? Choose from any list or enter any number in the input fields and then click Check Answer. 3 remaining Print Done Check Answer Owen, Ino, manufactures bookcases and uses an activity-based costing system. Owen's activity areas and related data follow: (Click the icon to view the activity areas and related data) Owen produced two styles of bookcases in October: the standard bookcase and an unfinished bookcase, which has fewer parts and requires no finishing. The totals for quantities, direct materials costs, and other data follow: (Click the icon to view the totals for quantities, direct materials costs, and other data.) Read the requirements, Requirement 1. Compute the manufacturing product cost per unit of each type of bookcase. (Enter a "0" for any zero-balances.) Standard Bookcase Unfinished Bookcase Total manufacturing cost Manufacturing cost per unit Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts 5 remaining Clear All Check Answer Owen, Inc. manufactures bookcases and uses an activity-based costing system. Owen's activity areas and related data follow: Click the icon to view the activity areas and related data.) Owen Juduced two styles of bookcases in October: the standard bookcase and an unlinished bookcase, which has lower pants and requires no finishing. The loals for quantios, directorial custs, and other data follow l the icon to view the totalis for quantities, direct materials costs, and other data) > E Dal Stable - X D i Dala Tablo - X Predetermined Overhead Budgeted Cost of Activity Total Assembling Direct Labor Hours Activity Allocation Base Allocation Rate Product Standard backcase Total Direct Total Direct Materials Labor Costs Costs S 91,000 S 105,000 88,000 80,000 Total Units Produced 7,000 8,000 Total Number of Parts 21.000 18.000 10,500 2.000 Unfinished bookcase Materials handling $ 220,000 Number of parts 0.50 Assembly 3,300,000 Number of assembling direct labor hours 12.00 Finishing 160,000 Number of finished units 3.50 *Refers to number of units receiving the finishing activity, not the number of units transferred to Finished Goods Print Done Inventory i Requirements - X Print Done 1. Compute the manufacturing product cost per unit of each type of bookcase 2. Suppose that pre-manufacturing activities, such as product design, were Sesigned to the standard bookcases at $1 each and to the unfinished bookcases at S3 each, Simar analyses were conducted of post- manufacturing activities such as distribution, marketing, and customer service. The post-manufacturing costs were $23 per standard bookcase and S18 per unfinished bookcase. Compute the full product costs per unit 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference 4. What price should Owen's managers set for unfinished bookcases to earn net profit of S19 per bookcase? Choose from any list or enter any number in the input fields and then click Check Answer. 3 remaining Print Done Check
