they are two questions please do well in boxes for easy understanding. i will rate your answer.
Saved Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates: Activity Cost Pool Activity Rates Supporting direct labor $ 11 per direct labor-hour Machine processing $ 5 per machine-hour Machine setups $ 45 per setup Production orders $ 160 per order Shipments $ 120 per shipment Product sustaining $ 900 per product Activity data have been supplied for the following two products: Number of units produced per year Direct labor-hours Machine-hours Machine setups Production orders Shipments Product sustaining Total Expected Activity K425 M67 200 2,000 1,125 40 3,400 30 15 3 15 30 3 : Required: How much total overhead cost would be assigned to K425 and M67 using the activity-based costing system? K425 M67 Activity Cost Pool Supporting direct labor Machine processing Machine setups Production orders Shipments Product sustaining Total overhead cost High Country, Incorporated, produces and sells many recreational products. The company has just opened a new plant to produce a folding camp cot that will be marketed throughout the United States. The following cost and revenue data relate to May, the first month of the plant's operation: 0 44,000 39,000 $ 76 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) Manufacturing costs: Direct materials cost per unit Direct labor cost per unit Variable manufacturing overhead cost per unit Pixed manufacturing overhead cost (per month) $ 2 $ 570,000 $ 14 $ 7 $ 2 $ 748,000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Calculate the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Reg 1A Reg 1B Req 2A Req 28 Determine the unit product cost. Assume that the company uses absorption costing. Unit product cost Reg 1A Req1B > Beginning inventory 0 Units produced 44,000 Units sold 39,000 Selling price per unit $ 76 Selling and administrative expenses Variable per unit $ 2 Fixed (per month) $ 570,000 Manufacturing costs: Direct materials cost per unit $ 14 Direct labor cost per unit $ 7 Variable manufacturing overhead cost per unit $ 2 Fixed manufacturing overhead cost per month) $ 748,000 Management is anxious to assess the profitability of the new camp cot during the month of May. Required: 1. Assume that the company uses absorption costing. a. Calculate the unit product cost. b. Prepare an income statement for May. 2. Assume that the company uses variable costing. a. Calculate the unit product cost. b. Prepare a contribution format income statement for May. Complete this question by entering your answers in the table below. Reg 1A Req 18 Req 2A Reg 28 Prepare an income statement for May. Assume that the company uses absorption costing. High Country, Incorporated Absorption Costing Income Statement Req 2A > 22:30 Beginning inventory Units produced 44,000 Units sola 39,000 Selling price per anit $ 76 Selling and administrative expenses Variable per unit $2 Pixed per month) $570,000 Manufacturing costa Direct materials cost per unit $ 14 Direct labor cost per unit 57 Variable manufacturing overhead cost per unit $2 Pixed manufacturing overhead cost per month $ 748,000 Management is anxious to assess the profitability of the new camp cot during the month of May, Required: 1. Assume that the company uses absorption costing a. Calculate the unit product cost. b. Prepare an income statement for May 2. Assume that the company uses variable costing. a Calculate the unit product cost. b. Prepare a contribution format income statement for May Complete this question by entering your answers in the table below. Reg 1A Reg 16 Reg 20 Reg 2A Prepare a contribution format income statement for May. Assume that the company uses variable costing, High Country, Incorporated Variable Costing Income Statement R21
