Stillicum Corporation makes ultra light-welght backpacking tents. Data concerning the company's two product lines appear below:Deluxe$ 54.00$ 12.00standard$ 42.00$ 10.00Direct materials per unitDirect labor per unitDirect labor-hours per unitEstimated annual productione.70 DLHS1.40 DLHS10, e00 units50, e00 unitsThe company has a traditional costing system In which manufacturing overhead Is appled to units based on direct labor-hours. Dataconcerning manufacturing overhead and direct labor-hours for the upcoming year appear below:Estimated total manufacturing overheadEstimated total direct labor-hours$530, 00077,000 DLHSRequlred:1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system.2. The company is considering replacing Its traditional costing system with an activity-based absorption costing system that wouldhave the following three activity cost pools:Expected ActivityEstimatedOverheadActivity Cost Pools (and Activity Measures)Supporting direct labor (direct labor-hours)Batch setups (setups)safety testing (tests)CostDeluxestandardTotal$ 385, 00090, e007,00070,00077,00020010030055,000$ 530,e003070100Total manufacturing overhead costDetermine the unit product costs of the Deluxe and Standard products under the activity-based absorptlon costing system.Complete this question by entering your answers in the tabs below.Required 1Required 2Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system.(Round your intermediate calculations and final answers to 2 decimal places.)DeluxeStandardUnit product cost< Required 1Required 2 > Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below:Deluxestandard$ 42.00$ 10.00Direct materials per unitDirect labor per unitDirect labor-hours per unitEstimated annual production$ 54.00$ 12.00e.70 DLHS1.40 DLHS10, e00 units58, ee0 unitsThe company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Dataconcerning manufacturing overhead and direct labor-hours for the upcoming year appear below:Estimated total manufacturing overheadEstimated total direct labor-hours$530, 00077,000 DLHSRequired:1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system.2. The company is considering replacing Its traditional costing system with an activity-based absorption costing system that wouldhave the following three activity cost pools:Expected ActivityEstimatedOverheadActivity Cost Pools (and Activity Measures)Supporting direct labor (direct labor-hours)Batch setups (setups)Safety testing (tests)Cost$ 385, e009e, e0055, e00DeluxeStandardTotal7,00070,00077,0002001003003070100Total manufacturing overhead cost$ 530, 000Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system.Complete this question by entering your answers in the tabs below.Required 1Required 2Determine the unit product costs of the Deluxe and Standard products under the company's traditional costingsystem. (Round your intermediate calculations and final answers to 2 decimal places.)DeluxeStandardUnit product cost< Required 1Required 2 >

The question is related to the Activity Based Costing and Traditional Costing System. Under…

Stillicum Corporation makes ultra light-welght backpacking tents. Data concerning the company's two product lines appear below: Deluxe $ 54.00 $ 12.00 standard $ 42.00 $ 10.00 Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production e.70 DLHS 1.40 DLHS 10, e00 units 50, e00 units The company has a traditional costing system In which manufacturing overhead Is appled to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead Estimated total direct labor-hours $530, 000 77,000 DLHS Requlred: 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: Expected Activity Estimated Overhead Activity Cost Pools (and Activity Measures) Supporting direct labor (direct labor-hours) Batch setups (setups) safety testing (tests) Cost Deluxe standard Total $ 385, 000 90, e00 7,000 70,000 77,000 200 100 300 55,000 $ 530,e00 30 70 100 Total manufacturing overhead cost Determine the unit product costs of the Deluxe and Standard products under the activity-based absorptlon costing system. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Deluxe Standard Unit product cost < Required 1 Required 2 >

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q