Waterways has two major public park projects to provide with comprehensive irrigation in one of its service locations this month. Job J57 and Job K52 involve 15 acres of landscaped terrain, which will require special- order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December. Raw materials were requisitioned from the company's inventory on December 2 for $5,100; on December 8 for $1,059; and on December 14 for $3,495. In each instance, two-thirds (2/3) of these materials were for 357 and the rest for K52. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $16.5 per hour. The time tickets were dated December 3, December 9, and December 15. On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for 57 and the rest for K52. The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,124 hours, and the anticipated overhead costs are $849,600 for the year. The machines were used by workers on projects K52 and J57 on December 3, 9, and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 (2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15, producing 200 sprinkler heads for J57 and 100 sprinkler heads for K52. Additional job order activities during this period included: Dec. 1 Purchased raw materials from Durbin Supply Company on account for $53,600. Dec. 2 Issued $40,300 of direct materials from the company's inventory to jobs other than K52 and J57 and $2,900 of indirect materials. Dec. 12 Paid Waterways' factory salaries and wages for $64,300. Dec. 13 Paid the factory's water bill of $8,900. Dec. 18 Transferred $50,200 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $12,000 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,700, and accumulated depreciation of $16,100. Under traditional product costing using direct labor hours, compute the total manufacturing cost per liter of both products. (Round answers to 3 decimal places, e.g. 12.250.) CoolDay Lite Mist Manufacturing cost per liter $ LINK TO TEXT Under ABC, prepare a schedule showing the computation of the activity-based overhead rates. (Round overhead rates to 3 decimal places, e.g. 12.250.) Activity Cost Pools Estimated Overhead Expected Use of Cost Drivers Activity-Based Overhead Rates per cart $ per month Grape processing Aging Bottling and corking Labeling and boxing Maintain and inspect equipment $ per bottle per bottle $ $ per inspection $ Prepare a schedule assigning each activity's overhead cost pool to each product, based on the use of cost drivers. Include a computation of overhead cost per liter. (Round overhead rate, cost per liter to 3 decimal places, e.g. 12.250 and cost assigned to o decimal places, e.g. 12,250.) CoolDay Activity-Based Overhead Rates Expected Use of Cost Drivers Activity Cost Pool Cost Assigned List Mist Activity-Based Overhead Rates Expected Use of Cost Drivers Cost Assigned Grape processing $ Aging Bottling and corking $ Labeling and boxing Maintain and inspect equipment $ Total costs assigned $ $ Liters produced Overhead cost per liter $ $ Compute the total manufacturing cost per liter for both products under ABC. (Round overhead cost per liter to 3 decimal places, e.g. 1.225.) CoolDay Lite Mist Manufacturing cost per liter
