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Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below: Deluxe Standard Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production $ 69.00 $ 27.00 0.70 DLHS 10,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Activity Cost Pools (and Activity Measures) Supporting direct labor (direct labor-hours) $ 57.00 $ 22.00 Estimated total manufacturing overhead Estimated total direct labor-hours Required: 1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based absorption costing system that would have the following three activity cost pools: 1.40 DLHS 50,000 units $ 667,000 77,000 DLHS Unit product cost Estimated Overhead Cost $ 462,000 135,000 70,000 $ 667,000 Complete this question by entering your answers in the tabs below. Answer is not complete. Deluxe 7,000 200 30 Expected Activity Standard 70,000 Batch setups (setups) Safety testing (tests) Total manufacturing overhead cost Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. 100 70 Total 77,000 300 100 Required 1 Required 2 Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. Note: Round your intermediate calculations and final answers to 2 decimal places. Deluxe Standard

Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below: Deluxe Standard Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production $ 69.00 $ 27.00 0.70 DLHS 10,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Activity Cost Pools (and Activity Measures) Supporting direct labor (direct labor-hours) $ 57.00 $ 22.00 Estimated total manufacturing overhead Estimated total direct labor-hours Required: 1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based absorption costing system that would have the following three activity cost pools: 1.40 DLHS 50,000 units $ 667,000 77,000 DLHS Unit product cost Estimated Overhead Cost $ 462,000 135,000 70,000 $ 667,000 Complete this question by entering your answers in the tabs below. Answer is not complete. Deluxe 7,000 200 30 Expected Activity Standard 70,000 Batch setups (setups) Safety testing (tests) Total manufacturing overhead cost Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. 100 70 Total 77,000 300 100 Required 1 Required 2 Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. Note: Round your intermediate calculations and final answers to 2 decimal places. Deluxe Standard

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below: Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production Estimated total manufacturing overhead Estimated total direct labor-hours Deluxe Required 1 Required 2 $ 69.00 $ 27.00 The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: 0.70 DLHS 10,000 units Unit product cost Deluxe Required: 1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based absorption costing system that would have the following three activity cost pools: Standard Standard $ 57.00 $ 22.00 Complete this question by entering your answers in the tabs below. 1.40 DLHS 50,000 units $ 667,000 77,000 DLHS Activity Cost Pools (and Activity Measures) Supporting direct labor (direct labor-hours) Batch setups (setups) Safety testing (tests) Total manufacturing overhead cost Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. Estimated Overhead Cost $ 462,000 135,000 70,000 $ 667,000 Answer is not complete. Deluxe 7,000 200 30 Expected Activity Standard 70,000 100 70 Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. Note: Round your intermediate calculations and final answers to 2 decimal places. Total 77,000 300 100
Transcribed Image Text:Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below: Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production Estimated total manufacturing overhead Estimated total direct labor-hours Deluxe Required 1 Required 2 $ 69.00 $ 27.00 The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: 0.70 DLHS 10,000 units Unit product cost Deluxe Required: 1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based absorption costing system that would have the following three activity cost pools: Standard Standard $ 57.00 $ 22.00 Complete this question by entering your answers in the tabs below. 1.40 DLHS 50,000 units $ 667,000 77,000 DLHS Activity Cost Pools (and Activity Measures) Supporting direct labor (direct labor-hours) Batch setups (setups) Safety testing (tests) Total manufacturing overhead cost Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. Estimated Overhead Cost $ 462,000 135,000 70,000 $ 667,000 Answer is not complete. Deluxe 7,000 200 30 Expected Activity Standard 70,000 100 70 Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. Note: Round your intermediate calculations and final answers to 2 decimal places. Total 77,000 300 100
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