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urgent Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Harbour has monthly overhead of $188,290, which
urgent
Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Harbour has monthly overhead of $188,290, which is divided into the following cost pools: The company has also compiled the following information about the chosen cost drivers: Required: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver, Determine the amount of overhead assigned to each product lint? (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Requiredi 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Answer is complete and correct. 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. (Round your intermectate calculations and final answers to 2 decimal places.) 6) Answer is complete but not entirely correct. 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Q) Answer is complete but not entirely correct. 4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system. 7. Calculate Harbour's gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) 8. Compare the gross margin of each product under the traditional system and ABC. (Round your answers to 2 decimal places.) Step by Step Solution
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