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Process Assembly Machining Setups Activity Budgeted Cost $ 311,400 22,000 $ 333,400 Finishing Inspecting $ 226,000 Support Purchasing $ 134,000 Budgeted Activity Activity Cost Driver Machine hours (MH) Usage 7,600 Setups 120 Inspections 780 Purchase orders 510 Additional production information concerning its two models follows. Units and Activities Units produced Model X Model Z 2,200 4,400 Machine hours Setups Inspections Purchase orders 2,000 5,600 40 80 480 300 340 170 Per Unit Selling price per unit Direct materials cost per unit Model X $ 400 155 Model Z $ 380 105 Direct labor cost per unit 135 135 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per L 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Note: Round "Product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the neare whole dollar amount. Negative amounts should be indicated with a minus sign. Per Unit Model X Model Z Selling Price Product cost per unit Gross Profit

Process Assembly Machining Setups Activity Budgeted Cost $ 311,400 22,000 $ 333,400 Finishing Inspecting $ 226,000 Support Purchasing $ 134,000 Budgeted Activity Activity Cost Driver Machine hours (MH) Usage 7,600 Setups 120 Inspections 780 Purchase orders 510 Additional production information concerning its two models follows. Units and Activities Units produced Model X Model Z 2,200 4,400 Machine hours Setups Inspections Purchase orders 2,000 5,600 40 80 480 300 340 170 Per Unit Selling price per unit Direct materials cost per unit Model X $ 400 155 Model Z $ 380 105 Direct labor cost per unit 135 135 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per L 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Note: Round "Product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the neare whole dollar amount. Negative amounts should be indicated with a minus sign. Per Unit Model X Model Z Selling Price Product cost per unit Gross Profit

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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Process Assembly Machining Setups Activity Budgeted Cost $ 311,400 22,000 $ 333,400 Finishing Inspecting $ 226,000 Support Purchasing $ 134,000 Budgeted Activity Activity Cost Driver Machine hours (MH) Usage 7,600 Setups 120 Inspections 780 Purchase orders 510 Additional production information concerning its two models follows. Units and Activities Units produced Model X Model Z 2,200 4,400 Machine hours Setups Inspections Purchase orders 2,000 5,600 40 80 480 300 340 170 Per Unit Selling price per unit Direct materials cost per unit Model X $ 400 155 Model Z $ 380 105 Direct labor cost per unit 135 135 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per L
Transcribed Image Text:Process Assembly Machining Setups Activity Budgeted Cost $ 311,400 22,000 $ 333,400 Finishing Inspecting $ 226,000 Support Purchasing $ 134,000 Budgeted Activity Activity Cost Driver Machine hours (MH) Usage 7,600 Setups 120 Inspections 780 Purchase orders 510 Additional production information concerning its two models follows. Units and Activities Units produced Model X Model Z 2,200 4,400 Machine hours Setups Inspections Purchase orders 2,000 5,600 40 80 480 300 340 170 Per Unit Selling price per unit Direct materials cost per unit Model X $ 400 155 Model Z $ 380 105 Direct labor cost per unit 135 135 1. Compute the activity rate for each activity using activity-based costing. 2. Using activity-based costing, compute the overhead cost per unit for each model. 3. Compute the total product cost per unit for each model. 4. For each model, compute the gross profit per unit (selling price per unit minus product cost per L
4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Note: Round "Product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the neare whole dollar amount. Negative amounts should be indicated with a minus sign. Per Unit Model X Model Z Selling Price Product cost per unit Gross Profit
Transcribed Image Text:4. For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 For each model, compute the gross profit per unit (selling price per unit minus product cost per unit). Note: Round "Product cost per unit" and "Gross Profit" to 2 decimal places and other intermediate calculations to the neare whole dollar amount. Negative amounts should be indicated with a minus sign. Per Unit Model X Model Z Selling Price Product cost per unit Gross Profit
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