Redfern Audio produces audio equipment including headphones. At the Campus Facility, it produces two wireless models, Standard and Enhanced, which differ both in the materials and components used and in the labor skill required. Data for the Campus Plant for the third quarter follow. Units produced Machine-hours Direct labor-hours Direct materials costs. Direct labor costs Manufacturing overhead i Total costs Standard Product costs per unit Standard 24,000 Enhanced 4,000 9,600 171 18,000 $914,400 774,000 14,400 18,000 $ 609,600 396,000 Total 32,000 Enhanced 24,000 36,000 $1,524,000 Required: a. Compute the individual product costs per unit assuming that Redfern Audio uses direct labor costs to allocate overhead to the products. b. Compute the individual product costs per unit assuming that Redfern Audio uses material costs to allocate overhead to the products. 1,170,000 Required A Required B Compute the individual product costs per unit assuming that Redfern Audio uses direct labor costs to allocate overhead to the products. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. 1,123,200 $3,817,200 Required B >
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
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![Redfern Audio produces audio equipment including headphones. At the Campus Facility, it produces two wireless models, Standard
and Enhanced, which differ both in the materials and components used and in the labor skill required. Data for the Campus Plant for
the third quarter follow.
Units produced
Machine-hours
Direct labor-hours
Direct materials costs
Direct labor costs
Manufacturing overhead i
Total costs
Standard
24,000
14,400
18,000
$609,600
396,000
Product costs per unit
Enhanced
8,000
9,600
18,000
Standard
$ 914,400
774,000
Required:
a. Compute the individual product costs per unit assuming that Redfern Audio uses direct labor costs to allocate overhead to the
products.
Total
b. Compute the individual product costs per unit assuming that Redfern Audio uses material costs to allocate overhead to the
products
Enhanced
32,000
24,000
36,000
$ 1,524,000
1,170,000
1,123,200
$3,817,200
Required A Required B
Compute the individual product costs per unit assuming that Redfern Audio uses direct labor costs to allocate overhead to the
products.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Required B >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac69951b-8728-46ae-8bfb-4f439eaff53e%2Ff6a147f0-7e16-41dc-b726-f4b6038cb52f%2Fkrjhovc_processed.jpeg&w=3840&q=75)
![Redfern Audio produces audio equipment including headphones. At the Campus Facility, it produces two wireless models, Standard
and Enhanced, which differ both in the materials and components used and in the labor skill required. Data for the Campus Plant for
the third quarter follow.
Units produced
Machine-hours
Direct labor-hours
Direct materials costs
Direct labor costs
Manufacturing overhead
Total costs
Standard
24,000
14,400
18,000
$ 609,600
396,000
Product costs per unit
Enhanced
8,000
9,600
15,000
$ 914,400
774,000
Standard
Total
Required:
a. Compute the individual product costs per unit assuming that Redfern Audio uses direct labor costs to allocate overhead to the
products.
b. Compute the individual product costs per unit assuming that Redfern Audio uses material costs to allocate overhead to the
products.
32,000
24,000
36,000
Required A Required B
Compute the individual product costs per unit assuming that Redfern Audio uses material costs to allocate overhead to the
products.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Enhanced
< Required A
$ 1,524,000
1,170,000.
1,123,200
$ 3,817,200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac69951b-8728-46ae-8bfb-4f439eaff53e%2Ff6a147f0-7e16-41dc-b726-f4b6038cb52f%2F37hlhcu_processed.jpeg&w=3840&q=75)
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