Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Way Cool produces two different models of all conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with

image text in transcribed
image text in transcribed
image text in transcribed
Way Cool produces two different models of all conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and round "Cost per unit and OH rato" answers to 2 decimal places.) Process Activity Components Changeover Machining Setups Driver Number of batches Machine houes Number of setups Quantity 710 7.740 100 Finishing Welding respectin Rework Overhead Cost $ 457,500 301,200 226,500 $985,200 $ 181,900 232.000 63,500 $475,400 1X7,000 10,100 210 $7227,310 Welding hours Humber of inspections Rework orders 1:40 240 Support Purchasing Providing space Providing utilities Purchase orders Number of units Number of units 495 4,500 1,500 Additional production information concerning its two product lines follows. Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 145 1,500 1,000 355 510 2,340 50 170 330 Model 212 3, . 2,300 355 330 5,400 50 70 165 1. Using a plantwide overhead rate based on machine hours, compute the overhead cost per unit for each product line. 0 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $300 for Model 145 and 5200 for Model 212 Activity Driver Plantwide OH rate Units Produced OH Cost per unit Overhead Assigned Model 145 Model 212 Total Overhead Cost 0 $ 0 Model 145 Model 212 0 3. If the market price for Model 146 is $740 and the market price for Model 212 is $460, determine the profit or loss per unit for each model Model 145 Model 212 Market price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Construction accounting and financial management

Authors: Steven j. Peterson

2nd Edition

135017114, 978-0135017111

More Books

Students also viewed these Accounting questions

Question

=+6. Describe at least four qualities of a successful CRM system.

Answered: 1 week ago