1)
Computation of unit product cost under traditional costing | |||||
Particulars | Deluxe | Standard | |||
Direct Material | $ 68.00 | $ 56.00 | |||
Direct Labor | $ 26.00 | $ 21.20 | |||
Manufacturing OH | $ 5.33 | $ 10.65 | |||
$ 99.33 | $ 87.85 |
Workings:
Predetermined OH rate | = | Estimated total Manu. OH / Estimated total direct labor hours | ||||||
= | $ 586000 / 77000 | |||||||
= | $ 7.61 |
2)
Computation of unit product cost under ABC | ||||
Particulars | Deluxe | Standard | ||
Direct Material | $ 68.00 | $ 56.00 | ||
Direct Labor | $ 26.00 | $ 21.20 | ||
Manufacturing OH | $ 14.37 | $ 8.85 | ||
$ 108.37 | $ 86.05 |
Workings:
Computation of activity rates | |||||
Total | Activity | ||||
Cost pool | OH Cost | Activity | Rate | ||
Supporting direct labor | $ 3,85,000.00 | 77000 | $ 5.00 | ||
Batch setups | $ 1,32,000.00 | 300 | $ 440.00 | ||
Safety testing | $ 69,000.00 | 100 | $ 690.00 | ||
$ 5,86,000.00 |
Application of manufacturing OH | ||||
Activity | ||||
Cost pool | Rate | Deluxe | Standard | |
Supporting direct labor | $ 5.00 | $ 35,000.00 | $ 3,50,000.00 | |
Batch setups | $ 440.00 | $ 88,000.00 | $ 44,000.00 | |
Safety testing | $ 690.00 | $ 20,700.00 | $ 48,300.00 | |
$ 1,43,700.00 | $ 4,42,300.00 | |||
Estimated annual production | 10000 | 50000 | ||
OH per unit | $ 14.37 | $ 8.85 |
Please let me know if you find anything incorrect. Thank you
Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below....
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 Deluxe $ 58.00 $ 16.00 0.70 DLHS 10,000 units Standard $ 46.00 $ 13.20 1.40 DLHS 50,000 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...
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 Deluxe $ 67.00 $ 25.00 0.70 DLHS 10,000 units Standard $ 55.00 $ 20.40 1.40 DLHS 50,000 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...
Check 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 Deluxe $ 66.00 $ 24.00 0.70 DLHS 10,000 units Standard $ 54.00 $ 19.60 1.40 DLHS 50,000 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...
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 Deluxe $ 68.00 $ 26.00 0.70 DLHS 10,000 units Standard $ 56.00 $ 21.20 1.40 DLHS 50,000 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...
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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 Deluxe $ 68.00 $ 26.00 0.70 DLHS 10,000 units Standard $ 56.00 $ 21.20 1.40 DLHs 50,000 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...
Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below: Deluxe Standard Direct materials per unit $ 61.00 $ 49.00 Direct labor per unit $ 19.00 $ 15.60 Direct labor-hours per unit 0.70 DLHS 1.40 DLHS Estimated annual production 10,000 units 50,000 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...
Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company’s two product lines appear below: Deluxe Standard Direct materials per unit $ 50.00 $ 38.00 Direct labor per unit $ 8.00 $ 6.80 Direct labor-hours per unit 0.70 DLHs 1.40 DLHs Estimated annual production 10,000 units 50,000 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...
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 Deluxe $ 57.ee $ 15.00 0.70 DLHS 10,000 units Standard $ 45.ee $ 12.40 1.40 DLHS se, eee 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...