Value Stream Product Costing During the week of May 10, Hyrum Manufacturing produced and shipped 16,000 units of its aluminum wheels: 4,000 units of Model A and 12,000 units of Model B. The cycle time for Model A is 1.09 hours and for Model B is 0.47 hour. The following costs and production hours were incurred: Hyrum Manufacturing Value-Stream Costs and Production Hours This Week, May 10 Salaries Net Hours Materials Machining Other Total Cost / Wages 1,600 $18,000 $18,000 36,000 100 36,000 Order processing Production planning Purchasing Stamping Welding 27,000 800 27,000 2,000 $267,000 145,500 2,400 100,000 42,000 $36,000 $18,000 466,500 42,000 12,000 196,000 Cladding 500 75,000 50,000 125,000 600 Inspection Packaging and shipping Invoicing 10,500 9,000 10,500 9,000 600 1,400 12,000 12,000 Totals 10,000 $442,000 $350,000 $78,000 $30,000 $900,000 Required: 1. Assume that the value-stream costs and total units shipped apply only to one model (a single-product value stream). Calculate the unit cost. 56.25 per unit Complete the statement below on the accuracy of the value computed. The cost is very accurate as the value stream is dedicated to one product and its costs all belong to that product. 2. Assume that Model A is responsible for 40% of the materials cost. Calculate the unit cost for Models A and B. Explain the rationale for using units shipped instead of units produced in the calculation. Round your answers to two decimal places. Model A $ 44.2 X Model B $ 22.1 X