Question

Petal Bags (PB) is a designer of high-quality backpacks and purses. Each design is made in small batches. Each spring, PB comi X Х Data Table Petal Bags Budget for Costs and Activities For the Year Ended February 28, 2014 Direct materials-purses $ 38

Requirement 1. Identify the cost hierarchy level for each cost category. Cost Cost Hierarchy Level Direct materials-purses Ou

Requirement 2. Identify the most appropriate cost driver for each cost category. Explain briefly your choice of cost driver.

Requirement 3. Calculate the budgeted cost per unit of cost driver for each cost category. (Round the cost driver rates to fo$ Requirement 4. Calculate the budgeted total costs and cost per unit for each product line. Backpacks Purses Direct material

I've uploaded ALL INFORMATION GIVEN, please stop saying stuff is missing. Nothing is missing, this is exactly what the question gave me.

Now what I need help with: All the correct answers are shown, however even though the red markings are CORRECT, I missed those points. The system gave me the correct answers after certain amount of tries.

SO, I need help with specifically finding the answers marked in RED. Please show all work because I don't know how to get those answers. AGAIN, all the correct answers are given already. BUT I NEED HELP WITH THE WORK to get these correct answers.

Can you please show all the steps.

This is the 3rd time I upload/edit this question. NOTHING ELSE IS MISSING.

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Answer #1
To get the answers marked in red, you just need to multiply the cost driver rate with the volume of cost drivers.
Particulars Backpacks Workings Purses Workings
Setup $    32,095.00 ($ 245 x 131) $    17,640.00 ($ 245 x 72)
Shipping $    46,505.00 ($ 355 x 131) $    25,560.00 ($ 355 x 72)
Design $ 100,200.00 ($ 33400 x 3) $    66,800.00 ($ 33400 x 2)
Plant utilities and administration $    78,000.00 ($ 50 x 1560) $ 130,000.00 ($ 50 x 2600)

If you need further assistance, please let me know. Thank you

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