Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 3,500 direct labor hours, compute the total product cost per unit for Product Cost per Unit Per Unit Product A Product B Required 1 Required 2 Machine setup Parts handling Quality inspection $ Direct Materials Machine setup Parts handling Quality inspection Total allocated cost Units produced Product A Product B Direct Labor $ Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) a. Compute overhead activity ratos Activity Activity + $ $ $ per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost < Required 1 $ Overhead Overhead cost per unit c. Product cost per unit using activity-based costing Per Unit Activity Rate per setup 1 per part Product A Product Cost per Unit 0 $ Required 1 Required 2 > Product B Required 2 >

Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 3,500 direct labor hours, compute the total product cost per unit for Product Cost per Unit Per Unit Product A Product B Required 1 Required 2 Machine setup Parts handling Quality inspection $ Direct Materials Machine setup Parts handling Quality inspection Total allocated cost Units produced Product A Product B Direct Labor $ Consider the following additional information about these two products. If activity-based costing is used to allocate overhead cost, (a) compute overhead activity rates, (b) allocate overhead cost to Product A and Product B and compute overhead cost per unit for each, and (c) compute product cost per unit for each. (Round your final answers to 2 decimal places.) a. Compute overhead activity ratos Activity Activity + $ $ $ per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost < Required 1 $ Overhead Overhead cost per unit c. Product cost per unit using activity-based costing Per Unit Activity Rate per setup 1 per part Product A Product Cost per Unit 0 $ Required 1 Required 2 > Product B Required 2 >

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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