Finch Boards produces two kinds of skateboards. Selected unit data for the two boa Production costs Direct materials Direct labor Allocated overhead Total units produced and sold Total sales revenue Basco Boards Shimano Boards $24.60 $ 30.60 $ 15.30 4,600 $ 400,200 $ 1,083,600 $ 37.20 $ 52.20 $ 19.20 8,600 Finch allocates production overhead using activity-based costing. It allocates delive to $57,000 per quarter, to the two products equally. Required a. Compute the per-unit cost for each product. Note: Do not round intermediate calculations. Round your answers to 2 decim. b. Compute the profit for each product.

Finch Boards produces two kinds of skateboards. Selected unit data for the two boa Production costs Direct materials Direct labor Allocated overhead Total units produced and sold Total sales revenue Basco Boards Shimano Boards $24.60 $ 30.60 $ 15.30 4,600 $ 400,200 $ 1,083,600 $ 37.20 $ 52.20 $ 19.20 8,600 Finch allocates production overhead using activity-based costing. It allocates delive to $57,000 per quarter, to the two products equally. Required a. Compute the per-unit cost for each product. Note: Do not round intermediate calculations. Round your answers to 2 decim. b. Compute the profit for each product.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
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