A manufacturer reports the following per unit cost information. The company uses absorption costing, and its target markup is 30%. Per unit cost $ 5.90 Variable overhead Fixed overhead Direct materials Direct labor $ 1.90 $ 49.00 $ 11.90 Complete this question by entering your answers in the tabs below. Required A Required B Calculate total product cost per unit. Note: Round your answers to 2 decimal places. Per unit Total product cost using absorption costing $ EA Required A 0.00 Required B >

A manufacturer reports the following per unit cost information. The company uses absorption costing, and its target markup is 30%. Per unit cost $ 5.90 Variable overhead Fixed overhead Direct materials Direct labor $ 1.90 $ 49.00 $ 11.90 Complete this question by entering your answers in the tabs below. Required A Required B Calculate total product cost per unit. Note: Round your answers to 2 decimal places. Per unit Total product cost using absorption costing $ EA Required A 0.00 Required B >

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 61P: Method of Least Squares, Predicting Cost for Different Time Periods from the One Used to Develop a...

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Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required: Budgeted Cost $ 120,900 Allocation Base Machine hours (MH) Budgeted Usage 140,000 Direct labor hours (DLH) 9,300 MH 2,800 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Machine hours per unit Direct labor hours per unit Voltage 2.0 MH 1.5 DLH EasyRider 4.0 MH 0.5 DLH 3. The company reports additional information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Selling Price $ 273 182 Direct Materials $ 103 93 Direct Labor $ 50 15 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers…
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Info in images Required: 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. 2. Compute the product margins for B300 and T500 under the activity-based costing system. 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. 1. Compute the product margins for the B300 and T500 under the company’s traditional costing system. (Round your intermediate calculations to 2 decimal places and final answers to the nearest whole dollar amount.) B300 T500 Total Product margin $0 2. Compute the product margins for B300 and T500 under the activity-based costing system. (Negative product margins should be indicated by a minus sign. Round your intermediate calculations to 2 decimal places.) B300 T500 Total Product margin $0 3. Prepare a quantitative comparison of the traditional and activity-based cost assignments. (Round your intermediate calculations to 2…
Using this information from Planters, Inc., what is the cost per unit under absorption costing? Round to the nearest penny, two decimal places. Planters, Inc data Cost Production Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Amount 10,348 units $248 293 103 1,008,619
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Using this information from Planters, Inc., what is the cost per unit under absorption costing? Round to the nearest penny, two decimal places. Planters, Inc data Cost Amount Production 10.291 units Direct materials $220 Direct labor 289 Variable manufacturing overhead 111 Fixed manufacturing overhead 1,032,482
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