Question
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:
Basic Dominator Total
Units produced 1,000 200 1,200
Machine-hours 4,000 2,000 6,000
Direct labor-hours 2,000 3,000 5,000
Direct materials costs $ 9,000 $ 3,750 $ 12,750
Direct labor costs 66,000 34,000 100,000
Manufacturing overhead costs 170,700
Total costs $ 283,450
Required: Compute the individual product costs per unit assuming that Tiger Furnishings uses machine-hours to allocate overhead to the products.
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Total Dominator 200 Units produced Machine-hours 1,000 1,200 4,000 2,000 6,000 Direct labor-hours. 2,000 3,000 5,000 Direct materials costs $ 9,000 $ 3,750 34,000 Direct labor costs. 66,000 Manufacturing overhead costs $ 12,750 100,000 170,700 $283,450 Total costs Required: Compute the individual product costs per unit assuming that Tiger Furnishings uses machine-hours to allocate overhead to the products. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) > Answer is complete but not entirely correct. Unit Cost Basic 211.56 X Dominator 359.45 x $ $Step by Step Solution
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