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Consider the following data for two products of Vigano Manufacturing. Budgeted Cost Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Activity Driver $ 19,000 (20 machine setups) 15,200 (16,000 parts) 22,800 (100 inspections) $57,000 Actual Activity Usage Setups Parts Inspections Product A 1,900 units $ 29 per unit $ 49 per unit 2 per unit Product B 380 units $.39 per unit $ 59 per unit 2.50 per unit Using a plantwide overhead rate based on 4,750 direct labor hours, compute the total product cost per unit for each product. 2. 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 -ach, and (c) compute product cost per unit for each. Product A 8 setups 10,000 parts 40 inspections Product B 12 setups 6,000 parts 60 inspections Complete this question by entering your answers in the tabs below.

Consider the following data for two products of Vigano Manufacturing. Budgeted Cost Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Activity Driver $ 19,000 (20 machine setups) 15,200 (16,000 parts) 22,800 (100 inspections) $57,000 Actual Activity Usage Setups Parts Inspections Product A 1,900 units $ 29 per unit $ 49 per unit 2 per unit Product B 380 units $.39 per unit $ 59 per unit 2.50 per unit Using a plantwide overhead rate based on 4,750 direct labor hours, compute the total product cost per unit for each product. 2. 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 -ach, and (c) compute product cost per unit for each. Product A 8 setups 10,000 parts 40 inspections Product B 12 setups 6,000 parts 60 inspections Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Consider the following data for two products of Vigano Manufacturing. Budgeted Cost Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Actual Activity Usage Setups Parts Inspections Activity Driver $ 19,000 (20 machine setups) 15,200 (16,000 parts) 22,800 (100 inspections) $ 57,000 Product A 1,900 units $ 29 per unit $ 49 per unit 2 per unit 1. Using a plantwide overhead rate based on 4,750 direct labor hours, compute the total product cost per unit for each product. 2. 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. Required 1 Required 2 Product B 380 units $39 per unit $ 59 per unit 2.50 per unit Product A 8 setups 10,000 parts 40 inspections Product 12 setups 6,000 parts 60 inspections Complete this question by entering your answers in the tabs below. Hel
Transcribed Image Text:Consider the following data for two products of Vigano Manufacturing. Budgeted Cost Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Units produced Direct materials cost Direct labor cost Direct labor hours Actual Activity Usage Setups Parts Inspections Activity Driver $ 19,000 (20 machine setups) 15,200 (16,000 parts) 22,800 (100 inspections) $ 57,000 Product A 1,900 units $ 29 per unit $ 49 per unit 2 per unit 1. Using a plantwide overhead rate based on 4,750 direct labor hours, compute the total product cost per unit for each product. 2. 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. Required 1 Required 2 Product B 380 units $39 per unit $ 59 per unit 2.50 per unit Product A 8 setups 10,000 parts 40 inspections Product 12 setups 6,000 parts 60 inspections Complete this question by entering your answers in the tabs below. Hel
Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 4,750 direct labor hours, compute the total product cost per unit for each product. Product Cost per Unit Per Unit Product A Product B Direct Materials a. Compute overhead activity rates Activity Direct Labor Machine setup Parts handling Quality inspection Total allocated cost Units produced Activity Product A Product B Required 1 Required 2 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.) Activity Rate per setup Machine setup Parts handling per part Quality inspection per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Overhead <Required 1 $ Overhead cost per unit c. Product cost per unit using activity-based costing Per Unit Product A Required 2 > Product Cost per Unit 0 $ Saved Product B 0
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using a plantwide overhead rate based on 4,750 direct labor hours, compute the total product cost per unit for each product. Product Cost per Unit Per Unit Product A Product B Direct Materials a. Compute overhead activity rates Activity Direct Labor Machine setup Parts handling Quality inspection Total allocated cost Units produced Activity Product A Product B Required 1 Required 2 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.) Activity Rate per setup Machine setup Parts handling per part Quality inspection per inspection b. Allocate overhead to Product A, B and compute overhead cost per unit Allocated Cost Overhead <Required 1 $ Overhead cost per unit c. Product cost per unit using activity-based costing Per Unit Product A Required 2 > Product Cost per Unit 0 $ Saved Product B 0
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