please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Puget World, Incorporated, manufactures two models of television sets, the N 800 XL model and the N 500 model. Dataregarding the two products follow:Model N 800 XLModel N 500Activity Cost PoolMachine setupsSpecial processingGeneral factoryActivity MeasureNumber of setupsMachine-hoursDirect labor-hoursAdditional Information about the company follows:a. Model N 800 XL requires $80 in direct materials per unit, and Model N 500 requires $30.b. The direct labor wage rate is $16 per hour.c. The company has always used direct labor-hours as the base for applying manufacturing overhead cost to products.d. Model N 800 XL is more complex to manufacture than Model N 500 and requires the use of special equipment.Consequently, the company is considering the use of activity-based costing to assign manufacturing overhead cost toproducts. Three activity cost pools have been identified as follows:Direct Labor Hoursper Unit4.51.5Req 2A1Req 2A2Annual Production3,000 units11,000 unitsActivity MeasureNumber of setupsMachine-hoursDirect labor-hoursOverhead cost per unitModel N 800 XL95Req 2818,00013,500Total DirectLabor-Hours13,50016,50030,000Complete this question by entering your answers in the tabs below.EstimatedOverhead Cost$ 390,000180,0001,980,000$ 2,550,0002. Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products.a(1). Compute the activity rate for each activity cost pool.a(2). Determine the amount of overhead cost that would be assigned to each model using the activity-based costing system.b. Compute the unit product cost of each model.Expected ActivityModel N 800 XL Model N 500$384.00Model N 500165016,500Total26018,00030,000Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. Determinethe amount of overhead cost that would be assigned to each model using the activity-based costing system. (Round yourintermediate calculations and final answers to 2 decimal places.)

Name: please answer within the format by providing formula the detailed work
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Puget World, Incorporated, manufactures t

Overhead cost refers to all those indirect costs that are incurred while operating the business…

Business

Accounting

Puget World, Incorporated, manufactures two models of television sets, the N 800 XL model and the N 500 model. Data regarding the two products follow: Model N see XL Model N 500 Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Additional Information about the company follows: a. Model N 800 XL requires $80 in direct materials per unit, and Model N 500 requires $30. b. The direct labor wage rate is $16 per hour. c. The company has always used direct labor-hours as the base for applying manufacturing overhead cost to products. d. Model N 800 XL is more complex to manufacture than Model N 500 and requires the use of special equipment. Consequently, the company is considering the use of activity-based costing to assign manufacturing overhead cost to products. Three activity cost pools have been identified as follows: Direct Labor- Hours per Unit Req 2A1 4.5 1.5 Req 2A2 Annual Production 3,000 units 11,000 units Overhead cost per unit Activity Measure Number of setups Machine-hours Direct labor-hours Model N see XL 95 Req 28 18,000 13,500 Total Direct Labor-Hours 13,500 16,500 30,000 Complete this question by entering your answers in the tabs below. Estimated Overhead Cost $ 390,000 180,000 1,980,000 $ 2,550,000 2. Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. a(1). Compute the activity rate for each activity cost pool. a(2). Determine the amount of overhead cost that would be assigned to each model using the activity-based costing system. b. Compute the unit product cost of each model. Expected Activity Model N 800 XL Model N 500 $ 384.00 Model N 500 165 16,500 Total 260 18,000 30,000 Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. Determine the amount of overhead cost that would be assigned to each model using the activity-based costing system. (Round your intermediate calculations and final answers to 2 decimal places.)