please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image) Clairepoint Medical Devices, Incorporated (CMDI) makes three types of a diagnostic device. For internal purposes, these models are referred to as Alpha, Beta, and Gamma, respectively. Although they are designed to provide the same information, the models differ by the quality of the materials and their electronic capabilities. The Alpha model is a relatively simple device that requires more manual data entry and retrieval. The Gamma model automates much of the interface with the user. As a purveyor of certain medical devices, including these models, CMDI requires certification for each model, regardless of the number of units sold. CMDI computes product costs by allocating all manufacturing overhead to products based on direct labor costs. After attending a seminar on financial analysis, the chief marketing officer (CMO) of CMDI asked the plant controller about ABC and whether it could be used for the costing of these three models. To respond to the request, the controller collected the following information for the upcoming period: Activity Recommended Cost Driver Estimated Cost Obtaining certificates Number of certificates $ 105,000 Handling materials Direct materials cost 204,750 Setting up Production runs 155,500 Engineering Number of units 320,000 Assuring quality Number of inspections 104,000 Shipping Production runs 220,000 $ 1,109,250 Product-line information for the upcoming period follows: Alpha Beta Gamma Number of units produced 2,500 1,000 500 Direct materials cost (total) $ 212,500 $ 145,000 $ 130,000 Direct labor cost (total) $ 262,500 $ 105,000 $ 67,500 Number of certificates 1 1 1 Number of production runs 5 5 10 Number of inspections 2 4 10 Problem 9-57 (Static) Activity-Based Costing: Analysis and Visualization (LO 9-5, 6) Part 2 Required: Compute the unit product costs for the upcoming period based on an ABC system using the activities and cost drivers identified by the controller. Note: Round your unit cost answers to 2 decimal places.

please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image) Clairepoint Medical Devices, Incorporated (CMDI) makes three types of a diagnostic device. For internal purposes, these models are referred to as Alpha, Beta, and Gamma, respectively. Although they are designed to provide the same information, the models differ by the quality of the materials and their electronic capabilities. The Alpha model is a relatively simple device that requires more manual data entry and retrieval. The Gamma model automates much of the interface with the user. As a purveyor of certain medical devices, including these models, CMDI requires certification for each model, regardless of the number of units sold. CMDI computes product costs by allocating all manufacturing overhead to products based on direct labor costs. After attending a seminar on financial analysis, the chief marketing officer (CMO) of CMDI asked the plant controller about ABC and whether it could be used for the costing of these three models. To respond to the request, the controller collected the following information for the upcoming period: Activity Recommended Cost Driver Estimated Cost Obtaining certificates Number of certificates $ 105,000 Handling materials Direct materials cost 204,750 Setting up Production runs 155,500 Engineering Number of units 320,000 Assuring quality Number of inspections 104,000 Shipping Production runs 220,000 $ 1,109,250 Product-line information for the upcoming period follows: Alpha Beta Gamma Number of units produced 2,500 1,000 500 Direct materials cost (total) $ 212,500 $ 145,000 $ 130,000 Direct labor cost (total) $ 262,500 $ 105,000 $ 67,500 Number of certificates 1 1 1 Number of production runs 5 5 10 Number of inspections 2 4 10 Problem 9-57 (Static) Activity-Based Costing: Analysis and Visualization (LO 9-5, 6) Part 2 Required: Compute the unit product costs for the upcoming period based on an ABC system using the activities and cost drivers identified by the controller. Note: Round your unit cost answers to 2 decimal places.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

please answer within the format by providing formula the detailed working
Please provide answer in text (Without image)
Please provide answer in text (Without image)
Please provide answer in text (Without image)

Clairepoint Medical Devices, Incorporated (CMDI) makes three types of a diagnostic device. For internal purposes, these models are referred to as Alpha, Beta, and Gamma, respectively. Although they are designed to provide the same information, the models differ by the quality of the materials and their electronic capabilities. The Alpha model is a relatively simple device that requires more manual data entry and retrieval. The Gamma model automates much of the interface with the user. As a purveyor of certain medical devices, including these models, CMDI requires certification for each model, regardless of the number of units sold.

CMDI computes product costs by allocating all manufacturing overhead to products based on direct labor costs. After attending a seminar on financial analysis, the chief marketing officer (CMO) of CMDI asked the plant controller about ABC and whether it could be used for the costing of these three models. To respond to the request, the controller collected the following information for the upcoming period:

Activity	Recommended Cost Driver	Estimated Cost
Obtaining certificates	Number of certificates	$ 105,000
Handling materials	Direct materials cost	204,750
Setting up	Production runs	155,500
Engineering	Number of units	320,000
Assuring quality	Number of inspections	104,000
Shipping	Production runs	220,000
		$ 1,109,250

Product-line information for the upcoming period follows:

	Alpha	Beta	Gamma
Number of units produced	2,500	1,000	500
Direct materials cost (total)	$ 212,500	$ 145,000	$ 130,000
Direct labor cost (total)	$ 262,500	$ 105,000	$ 67,500
Number of certificates	1	1	1
Number of production runs	5	5	10
Number of inspections	2	4	10

Problem 9-57 (Static) Activity-Based Costing: Analysis and Visualization (LO 9-5, 6) Part 2

Required:

Compute the unit product costs for the upcoming period based on an ABC system using the activities and cost drivers identified by the controller.

Note: Round your unit cost answers to 2 decimal places.

Direct materials
Direct labor
Overhead
Obtaining certificates
Handling materials
Setting up
Engineering
Assuring quality
Shipping
Total overhead
Total cost
Units produced
Unit cost
Alpha
Beta
Gamma
Total

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.