Northwest Company produces two types of glass shelving: rounded edge and squared edge. The company reports the following cost data. Rounded Edge Squared Edge Direct materials Total $ 36,600 Direct labor $ 48,600 $ 85,200 12,200 Overhead (using plantwide rate) 32,400 44,600 43,200 82,400 125,600 Total product cost $ 92,000 $ 163,400 $ 255,400 Units produced 12,200 16,200 Product cost per unit $ 7.54 $ 10.09 Northwest's controller wants to apply activity-based costing to allocate the $125,600 of overhead cost to the two products to see whether product cost per unit would change markedly from that above. The company's budgeted activity usage equals its actual activity usage for the period. The following additional Information is collected. Activity Usage Activity Budgeted cost Activity Cost Driver Rounded Edge Squared Edge Total Purchasing $ 6,500 Purchase orders 164 orders 486 orders 650 orders 65,400 Depreciation of machinery Machine hours 500 hours 1,500 hours 2,000 hours 53,700 Setups 40 setups Setup 210 setups 250 setups Total $ 125,600 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate to 2 decimal places.) can Anh Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below, Required 1 Required 2 Required 3 Compute the activity rate for each activity using activity-based costing. (Round "Activity rate" to 2 decimal places.) Budgeted Cost Budgeted Activity Usage Activity Rate Activity Purchasing Depreciation Setup Required 2 > Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing, 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute overhead cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other answers to the nearest whole dollar amount.) Activity Rato Allocated Cost Overhead cost per et Rounded Edge Activity Activity Usage Purchasing Depreciation Setup Total allocated cost Units produced Overhead cost per unit $ 0 0 Activity Usage Activity Rate Allocated Cost Overhead cost per unit-Squared Edge Activity Purchasing Depreciation Setup Total allocated cost Units produced $ 0 Required: 1. Compute the activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing (Round intermediate calculations and final answers to 2 decimal places.) Per Unit Direct Materials Direct Labor Overhond Product Cost per Unit Rounded Edge Squared Edge
