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only need answer for Required 3. Direct materials Direct labor Overhead (using plantwide rate) Total product cost Units produced Product cost per unit Activity Purchasing Depreciation of machinery Setup Total overhead Rounded Edge $ 35,700 16,700 42,000 $ 94,400 11,800 $ 8.00 Northwest's controller wants to apply activity-based costing to allocate the $122,400 of overhead costs to the two products to see whether product cost per unit would change markedly from that above. The following information is collected. Per Unit Rounded Edge Squared Edge Budgeted Cost $ 6,300 Direct Materials 63,800 52,300 $ 122,400 Squared Edge $ 49,300 28,300 80,400 $ 158,000 15,800 $10.00 Activity Driver Purchase orders Machine hours Setups Required: 1. Compute an activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Direct Labor Total $ 85,000 45,000 122,400 $ 252,400 Rounded Edge 154 orders 500 hours. 40 setups Required 11 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Product Cost per Unit Overhead Activity Usage Squared Edge 476 orders 1,500 hours 210 setups Total 630 orders 2,000 hours 250 setups

only need answer for Required 3. Direct materials Direct labor Overhead (using plantwide rate) Total product cost Units produced Product cost per unit Activity Purchasing Depreciation of machinery Setup Total overhead Rounded Edge $ 35,700 16,700 42,000 $ 94,400 11,800 $ 8.00 Northwest's controller wants to apply activity-based costing to allocate the $122,400 of overhead costs to the two products to see whether product cost per unit would change markedly from that above. The following information is collected. Per Unit Rounded Edge Squared Edge Budgeted Cost $ 6,300 Direct Materials 63,800 52,300 $ 122,400 Squared Edge $ 49,300 28,300 80,400 $ 158,000 15,800 $10.00 Activity Driver Purchase orders Machine hours Setups Required: 1. Compute an activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Direct Labor Total $ 85,000 45,000 122,400 $ 252,400 Rounded Edge 154 orders 500 hours. 40 setups Required 11 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Product Cost per Unit Overhead Activity Usage Squared Edge 476 orders 1,500 hours 210 setups Total 630 orders 2,000 hours 250 setups

FINANCIAL ACCOUNTING
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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only need answer for Required 3. Direct materials Direct labor Overhead (using plantwide rate). Total product cost Units produced Product cost per unit Activity Purchasing Depreciation of machinery. Setup Total overhead Rounded Edge $ 35,700 16,700 42,000 $ 94,400 11,800 $ 8.00 Northwest's controller wants to apply activity-based costing to allocate the $122,400 of overhead costs to the two products to see whether product cost per unit would change markedly from that above. The following information is collected. Per Unit Rounded Edge Squared Edge Budgeted Cost $ 6,300 63,800 52,300 $ 122,400 Direct Materials Squared Edge $ 49,300 28,300 80,400 Total $ 85,000 45,000 122,400 $ 158,000 $ 252,400 15,800 $10.00 Required: 1. Compute an activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Direct Labor Activity Driver Purchase orders Machine hours Setups Rounded Edge 154 orders 500 hours. 40 setups Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Product Cost per Unit Overhead Activity Usage Squared Edge 476 orders 1,500 hours 210 setups Total 630 orders 2,000 hours 250 setups
Transcribed Image Text:only need answer for Required 3. Direct materials Direct labor Overhead (using plantwide rate). Total product cost Units produced Product cost per unit Activity Purchasing Depreciation of machinery. Setup Total overhead Rounded Edge $ 35,700 16,700 42,000 $ 94,400 11,800 $ 8.00 Northwest's controller wants to apply activity-based costing to allocate the $122,400 of overhead costs to the two products to see whether product cost per unit would change markedly from that above. The following information is collected. Per Unit Rounded Edge Squared Edge Budgeted Cost $ 6,300 63,800 52,300 $ 122,400 Direct Materials Squared Edge $ 49,300 28,300 80,400 Total $ 85,000 45,000 122,400 $ 158,000 $ 252,400 15,800 $10.00 Required: 1. Compute an activity rate for each activity using activity-based costing. 2. Compute overhead cost per unit for each of the two products using activity-based costing. 3. Determine product cost per unit for each of the two products using activity-based costing. Complete this question by entering your answers in the tabs below. Direct Labor Activity Driver Purchase orders Machine hours Setups Rounded Edge 154 orders 500 hours. 40 setups Required 1 Required 2 Required 3 Determine product cost per unit for each of the two products using activity-based costing. (Round "Activity Rate" to 2 decimal places and other intermediate calculations to the nearest whole dollar amount. Round your final answers to 2 decimal places.) Product Cost per Unit Overhead Activity Usage Squared Edge 476 orders 1,500 hours 210 setups Total 630 orders 2,000 hours 250 setups
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