ABC Co. produces 3 products with the following production and cost information: Model X Model Y Model Z Units produced 1um aboog barda Direct Labor hours Number of set ups 000' 000' 250 000'9 cosbyspe Number of shipments 225 275 Engineering change orders 15 5. Overhead costs include the following: Set up P45,000; Shipping P70,000 and Engineering P90,000. Using ABC method, the overhead cost per unit of Model X must be. vis suliet gimoisq to 2e03 art ss i200 1am don ob iv1o uborg Thoimee Lemou coepourue ceo ph

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Using ABC method, the overhead cost per unit of Model X must be. 

ABC Co. produces 3 products with the following production and cost information:
313
Model X
Model Y
Model Z
Units produced
2,000
000'9
00 0'
Direct Labor hours
Sooge
0o 00
Number of set ups
Number of shipments
225
275
Engineering change orders
15
5.
Overhead costs include the following: Set up P45,000; Shipping P70,000 and Engineering P90,000. Using ABC method,
the overhead cost per unit of Model X must be.
hs broqner OL 26LAICE2 g0 uor weer Ledme
e con
Your answer
DEXIE
RHIANE CO. provided the following data from its activity-based costing systems:
Total Cost
P313,490
49,476
73,882
The company makes 490 units of products RI4 a vear, requiring a total of 1,080 machine-hours, 60 orders, and 20
Activity Cost Pool
Assembly
Processing Orders
Inspection
Total Activity
29,000 machine hours
1,400 orders
1,060 inspection-hours
Transcribed Image Text:ABC Co. produces 3 products with the following production and cost information: 313 Model X Model Y Model Z Units produced 2,000 000'9 00 0' Direct Labor hours Sooge 0o 00 Number of set ups Number of shipments 225 275 Engineering change orders 15 5. Overhead costs include the following: Set up P45,000; Shipping P70,000 and Engineering P90,000. Using ABC method, the overhead cost per unit of Model X must be. hs broqner OL 26LAICE2 g0 uor weer Ledme e con Your answer DEXIE RHIANE CO. provided the following data from its activity-based costing systems: Total Cost P313,490 49,476 73,882 The company makes 490 units of products RI4 a vear, requiring a total of 1,080 machine-hours, 60 orders, and 20 Activity Cost Pool Assembly Processing Orders Inspection Total Activity 29,000 machine hours 1,400 orders 1,060 inspection-hours
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education