A manufacturer reports the following per unit cost information. The company uses absorption costing, and its target markup is 30%.Per unit cost$ 5.90Variable overheadFixed overheadDirect materialsDirect labor$ 1.90$ 49.00$ 11.90Complete this question by entering your answers in the tabs below.Required ARequired BCalculate total product cost per unit.Note: Round your answers to 2 decimal places.Per unitTotal product cost using absorption costing$EARequired A0.00Required B >

Step 1:Under absorption costing method product cost is calculated by using all variable cost and…

Answered: A manufacturer reports the following…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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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…
Can you please help me fill out the two tables, also please let me know what formulas and rules were used
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno's monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $1,600 Insurance on factory building 2,500 Raw materials (plastics, polystyrene, etc.) 79,700 Utility costs for factory 900 Supplies for general office 300 Wages for assembly line workers 63,700 Depreciation on office equipment 800 Miscellaneous materials (glue, thread, etc) 1,200 Factory manager's salary 6,400 Property taxes on factory building 500 Advertising for helmets 14,500 Sales commissions 10,600 Depreciation on factory building 1,600 (a)
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…
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…
Need help with this general accounting question
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
How can I prepare a product cost report (with it's supporting calculations) for department 1. Round average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.
Compute the target selling price per unit under absorption costing .
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.
Zachary Company manufactures molded candles that are finished by hand. The company developed the following standards for a new line of drip candles. 1.60 pounds Amount of direct materials per candle Price of direct materials per pound 0.50 Quantity of labor per unit Price of direct labor per hour Total budgeted fixed overhead 0.80 hours $ 9.00/hour $248,000 During Year 2, Zachary planned to produce 40,000 drip candles. Production lagged behind expectations, and it actually produced only 34,000 drip candles. At year-end, direct materials purchased and used amounted to 56,100 pounds at a unit price of $0.44 per pound. Direct labor costs were actually $8.50 per hour and 29,600 actual hours were worked to produce the drip candles. Overhead for the year actually amounted to $221,000. Overhead is applied to products using a predetermined overhead rate based on estimated units. Required a.&b. Compute the standard cost per candle for direct materials, direct labor, overhead and also the total…
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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