Given the following data, answer the questions below the table: -------------------------------------------------------------------------------------------------------------------------------- Data Deluxe Tourist Annual sales...
- Given the following data, answer the questions below the table:
--------------------------------------------------------------------------------------------------------------------------------
|
Data |
||||
|
Deluxe |
Tourist |
|||
|
Annual sales in units |
2,000 |
10,000 |
||
|
Direct materials per unit |
$25 |
$17 |
||
|
Direct labor-hours per unit |
5 |
4 |
||
|
Direct labor rate |
$12 |
per DLH |
||
|
Estimated |
||||
|
Overhead |
Expected Activity |
|||
|
Activities and Activity Measures |
Cost |
Deluxe |
Tourist |
Total |
|
Labor related (direct labor-hours) |
$ 80,000 |
10,000 |
40,000 |
50,000 |
|
Machine setups (setups) |
150,000 |
3,000 |
2,000 |
5,000 |
|
Production orders (orders) |
70,000 |
230 |
270 |
500 |
|
General factory (machine-hours) |
250,000 |
12,000 |
28,000 |
40,000 |
|
$ 550,000 |
||||
--------------------------------------------------------------------------------------------------------------------------------
What is the product cost for the Deluxe model?
What is the Activity Based Costing unit product cost for the Deluxe model? (Round your final answer to 2 decimal places.)
Homework Answers
| Deluxe | Tourist | ||
| Direct Material | given | 2000*25 = 50000 | 10,000*17 = 170000 |
| Direct Labor | 2000*5*12 = 120,000 | 10000*4*12= 480000 | |
| Prime Cost | 170,000 | 650,000 | |
| Labor related | 80,000*1/5 = 16000 | 80000*4/5 = 64000 | |
| Machine set ups | 150000*3/5 = 90,000 | 15000*2/5 = 60000 | |
| Production orders | 70000*230/500 = 32200 | 70000*270/500 = 37800 | |
| General factory | 250000*12/40 = 75000 | 250000*28/40 = 175000 | |
| Total product cost | 383200 | 986800 | |
Traditional Costing:
Total DLH: 2000 units * 5 + 10000 units * 4 = 50,000 DLH
So, Overhead rate per DLH = 550,000/50,000 =:11$
| Deluxe | Tourist | |
| Prime cost | 170000 | 650000 |
| Overhead | 2000*5*11 = 110000 | 10,000*4*11 = 440000 |
| Total Product Cost | 280000 | 1090000 |
Add Answer to:
Given the following data, answer the questions below
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What is the Activity Based
Costing unit product cost for the Deluxe model? (Round your final
answer to 2 decimal places.)
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After entering formulas in all of the cells that contained question
marks, verify that the calculated numbers match the numbers in the
Review Problem.
Check your worksheet by reducing the direct labor-hours for the
Deluxe model in cell B10 from 5 to 2. The Deluxe model's unit
product cost under traditional costing should now be $74.00 and the
ABC unit product...
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