Please do not give solution in image format thanku 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.Complete this question by entering your answers in the tabs below.Req 2A1Machine setupSpecial processingGeneral factoryAssume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. Computethe activity rate for each activity cost pool. (Round your answers to 2 decimal places.)Req 2A2Reg 2A12. 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.Req 28a(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.Complete this question by entering your answers in the tabs below.Req 2A2Overhead cost per unitper setupper MHper DLHReq 2A1Unit product costReg 2A1Assume 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.)Model N 800 XL Model N 500Req 20Req 2A2Req 2A2 >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.Req 2A1Complete this question by entering your answers in the tabs below.Req 28Req 28 >Assume that the company decides to use activity-based costing to assign manufacturing overhead cost to products. Computethe unit product cost of each model. (Round your intermediate calculations and final answers to 2 decimal places.)Model N 800 XL Model N 500 Required information[The following information applies to the questions displayed below.]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 500Direct Labor-Hours per Unit3.01.4Additional information about the company follows:a. Model N 800 XL requires $90 in direct materials per unit, and Model N 500 requires $45.b. The direct labor wage rate is $15 per hour.The company has alwaysN XLActivity Cost PoolMachine setupsSpecial processingGeneral factoryAnnual Production3,000 unitat15,000 unitsActivity MeasureNumber of setupsMachine-hoursDirect labor-hoursConsequently, the company is considering the use of activity-based costing to assign manufacturing overhead cost toproducts. Three activity cost pools have been identified as follows:used direct labor-hours as the base for applying manufacturing overhead cost to products.complex to manufacture than Model Nuse special***TotalDirectLabor-Hours9,00021,00030,000Activity MeasureNumber of setupsMachine-hoursDirect labor-hoursModel N 800 XL16015,0009,000EstimatedOverhead Cost$ 480,000225,0001,815,000$ 2,520,000Expected ActivityModel N 500240021,000Total40015,00030,000

Activity-based costing is a costing approach in which a company's activities are identified and the…

Required information [The following information applies to the questions displayed below.] 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 800 XL Model N 500 Direct Labor- Hours per Unit Annual Production 3.0 3,000 units 1.4 15,000 units Activity Cost Pool Machine setups Special processing General factory Additional Information about the company follows: a. Model N 800 XL requires $90 in direct materials per unit, and Model N 500 requires $45. b. The direct labor wage rate is $15 per hour. 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: Activity Measure Number of setups Machine-hours Direct labor-hours Activity Measure Number of setups Machine-hours Direct labor-hours Total Direct Labor-Hours Model N 800 XL 160 15,000 9,000 9,000 21,000 30,000 Estimated Overhead Coat $ 480,000 225,000 1,815,000 $ 2,520,000 Expected Activity Model N 500 240 0 21,000 Total 400 15,000 30,000

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...