Benton Corporation manufactures computer microphones, which come in two models: Standard and Premium. Data for arepresentative quarter for the two models follow:Units producedProduction runs per quarterDirect materials cost per unitDirect labor cost per unitSupervisionSetup laborIncoming inspectionTotal overheadManufacturing overhead in the plant has three main functions: supervision, setup labor, and incoming material inspection.Data on manufacturing overhead for a representative quarter follow:Standard13,20050$ 3050$ 272,250280,500227,708$ 780,450a. Using current costing systemh sinn nmnnnsed ARC sustamPremium3,30025$ 6475Exercise 9-35 (algo) Activity-Based Costing (LO 9-4)Required:a. Compute the unit costs for the two products, Standard and Premium, using the current costing system at Benton (using direct laborcosts as the allocation basis for overhead).b. Compute the unit costs for the two products, Standard and Premium, using the proposed ABC system at Benton.Note: For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.Unit costStandardPremium

The traditional costing method, also known as the current costing system, allocates total overheads…

Benton Corporation manufactures computer microphones, which come in two models: Standard and Premium. Bata för a representative quarter for the two models follow: Units produced Production runs per quarter Direct materials cost per unit Direct labor cost per unit Supervision Setup labor Incoming inspection Total overhead Standard 13,200 $ 272,250 280,500 227,700 $ 780,450 50 $ 30 50 Premium 3,300 Manufacturing overhead in the plant has three main functions: supervision, setup labor, and incoming material inspection. Data on manufacturing overhead for a representative quarter follow: 25 $ 64 75 ercise 9-35 (algo) Activity-Based Costing (LO 9.4) quired: Compute the unit costs for the two products, Standard and Premium, using the current costing system at Benton (using direct labo costs as the allocation basis for overhead). Compute the unit costs for the two products, Standard and Premium, using the proposed ABC system at Benton. Note: For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.

Benton Corporation manufactures computer microphones, which come in two models: Standard and Premium. Bata för a representative quarter for the two models follow: Units produced Production runs per quarter Direct materials cost per unit Direct labor cost per unit Supervision Setup labor Incoming inspection Total overhead Standard 13,200 $ 272,250 280,500 227,700 $ 780,450 50 $ 30 50 Premium 3,300 Manufacturing overhead in the plant has three main functions: supervision, setup labor, and incoming material inspection. Data on manufacturing overhead for a representative quarter follow: 25 $ 64 75 ercise 9-35 (algo) Activity-Based Costing (LO 9.4) quired: Compute the unit costs for the two products, Standard and Premium, using the current costing system at Benton (using direct labo costs as the allocation basis for overhead). Compute the unit costs for the two products, Standard and Premium, using the proposed ABC system at Benton. Note: For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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