Baldacci Inc. has a casting machine that is used for three of the company’s products. Each machine setup costs $40,890, and the machine was set up in June for six different production runs. The following information shows the units of output from each of the setups. Setup # Product #453 Product #529 Product #663 1 45,600 2 1,680 3 30,400 4 27,900 5 60 6 35,600 a. If total machine setup cost is allocated to all units of product, 1. What is the setup cost per unit? Note: Round unit cost to two decimal places (i.e. round $4.355 to $4.36). $Answer 2. Indicate the total setup costs for each of the company's three products in the following table, using the rounded unit cost from part (1). Note: Round your final answer to the nearest whole dollar. Product #453 Answer Product #529 Answer Product #663 Answer Total Answer
Levels of costs
Baldacci Inc. has a casting machine that is used for three of the company’s products. Each machine setup costs $40,890, and the machine was set up in June for six different production runs. The following information shows the units of output from each of the setups.
| Setup # | Product #453 | Product #529 | Product #663 |
|---|---|---|---|
| 1 | 45,600 | ||
| 2 | 1,680 | ||
| 3 | 30,400 | ||
| 4 | 27,900 | ||
| 5 | 60 | ||
| 6 | 35,600 |
a. If total machine setup cost is allocated to all units of product,
1. What is the setup cost per unit?
Note: Round unit cost to two decimal places (i.e. round $4.355 to $4.36).
$Answer
2. Indicate the total setup costs for each of the company's three products in the following table, using the rounded unit cost from part (1).
Note: Round your final answer to the nearest whole dollar.
| Product #453 | Answer
|
| Product #529 | Answer
|
| Product #663 | Answer
|
| Total | Answer
|
b. If machine setup cost is allocated to each type of product made,
1. Indicate the total setup costs for each of the company's three products in the following table.
| Product #453 | Answer
|
| Product #529 | Answer
|
| Product #663 | Answer
|
| Total | Answer
|
2. What is the setup cost per unit of Products #453, 529, and 663?
Note: Round unit costs to two decimal places (i.e. round $4.355 to $4.36).
| Setup Cost per Unit | |
|---|---|
| Product #453 | Answer
|
| Product #529 | Answer
|
| Product #663 | Answer
|
c. Assume Baldacci Inc. had manufactured all similar products in a single production run.
1. What would total setup costs be during June? $Answer
2. Indicate the costs per unit for each of the three products in the following table.
Note: Round unit costs to two decimal places (i.e. round $4.355 to $4.36).
| Setup Cost per Unit | |
|---|---|
| Product #453 | Answer
|
| Product #529 | Answer
|
| Product #663 | Answer
|
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