Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Setup costs Quality control Maintenance Total Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Harbour has monthly overhead of $200,170, which is divided into the following activity pools: $ 80,560 68,310 51,300 $ 200,170 Home Home 44 320 1,600 Work 62 370 1,100 $ 40 15 357 740 units Work The company also has compiled the following information about the chosen cost drivers: Total 106 690 2,700 $ 65 36 567 440 units Number of setups Number of inspections Number of machine hours Required: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhea assigned to each product line. 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system. Solgot the cost driver for each sloulsto the so if I larbour war d to implement

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Setup costs Quality control Maintenance Total Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Harbour has monthly overhead of $200,170, which is divided into the following activity pools: $ 80,560 68,310 51,300 $ 200,170 Home Home 44 320 1,600 Work 62 370 1,100 $ 40 15 357 740 units Work The company also has compiled the following information about the chosen cost drivers: Total 106 690 2,700 $ 65 36 567 440 units Number of setups Number of inspections Number of machine hours Required: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhea assigned to each product line. 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system. Solgot the cost driver for each sloulsto the so if I larbour war d to implement

Name: Harbour Company makes two models of electronic tablets, the Home and
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Description: Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:Setup costsQuality controlMaintenanceTotalDirect materials cost per unitDirect labor cost per unitSales price per unitExpected produc

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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