1 nces Way Cool produces two different models of air conditioners. The company produces the mechanical...

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1 nces Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. Process Components Finishing Support Activity Changeover Machining Setups Welding Inspecting Rework Purchasing Providing space Providing utilities Overhead Cost $ 565,250 365,190 217,800 $1,148,240 $ 311,040 295,800 57,400 $ 664,240 $ 167,170 31,800 90,960 $ 289,930 Driver Number of batches Machine hours Number of setups Welding hours Number of inspections Rework orders Purchase orders Number of units Number of units Quantity 850 7,770 120 5,400 870 280 458 6,600 6,600 Additional production information concerning its two product lines follows. Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 145 2,200 1,800 425 500 2,450 60 170 305 Model 212 4,400 3,600 425 370 5,320 60 110 153 Required: 1. Using ABC, compute the overhead cost per unit for each producte. 2. Determine the total cost per unit for each product line if the direc labor and direct materials costs per unit are $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $660.31 and the market price for Model 212 is $376.33, determine the profit or loss per unit for each model. Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimal places.) Activity Components Changeover Machining Setups Finishing Welding Inspecting Rework Support Purchasing Providing space and utilities Expected Costs $ $ $ 565.250 365,190 217,800 311,040 295,000 57,400 167,170 122,700 Expected Activity 850 Number of batches 7,770 Machine hours 120 Setups 5,400 Welding hours 870 Inspections 200 Rework orders 458 Purchase orders 6.600 Une Activity Rate Total overhead cost Total units produced Overhead cost per unit < Required 1 Required 2 > Model 145 Activity driver - Overhead incurred assigned Mod Activity driver incurred Expected Activity 850 Number of batches 7,770 Machine hours 120 Setups 5,400 Welding hours 870 Inspections 280 Rework orders 458 Purchase orders 6,600 Units Activity Rate Total overhead cost Total units produced Overhead cost per unit < Required 1 Model 145 Activity driver incurred Required 2 > Overhead assigned Model 212 Activity driver incurred Overhead assigned 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $660.31 and the market price for Model 212 is $376.33, determine the profit loss per unit for each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $220 for Model 145 and $118 for Model 212. (Round your final answers to 2 decimal places.) Model 145 Model 212 Matenals and Labor per unit Overhead cost per unit Total cost per unit < Required 1 Required 3 > 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $660.31 and the market price for Model 212 is $376.33, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If the market price for Model 145 is $660.31 and the market price for Model 212 is $376.33, determine the profit or per unit for each model. (Round your final answers to 2 decimal places.) Model 212 Price per unit Cost per unit Profit (loss) per unit Model 145 < Required 2 Required 3 > 1 nces Way Cool produces two different models of air conditioners. The company produces the mechanical systems in its components department. The mechanical systems are combined with the housing assembly in its finishing department. The activities, costs, and drivers associated with these two manufacturing processes and the production support process follow. Process Components Finishing Support Activity Changeover Machining Setups Welding Inspecting Rework Purchasing Providing space Providing utilities Overhead Cost $ 565,250 365,190 217,800 $1,148,240 $ 311,040 295,800 57,400 $ 664,240 $ 167,170 31,800 90,960 $ 289,930 Driver Number of batches Machine hours Number of setups Welding hours Number of inspections Rework orders Purchase orders Number of units Number of units Quantity 850 7,770 120 5,400 870 280 458 6,600 6,600 Additional production information concerning its two product lines follows. Units produced Welding hours Batches Number of inspections Machine hours Setups Rework orders Purchase orders Model 145 2,200 1,800 425 500 2,450 60 170 305 Model 212 4,400 3,600 425 370 5,320 60 110 153 Required: 1. Using ABC, compute the overhead cost per unit for each producte. 2. Determine the total cost per unit for each product line if the direc labor and direct materials costs per unit are $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $660.31 and the market price for Model 212 is $376.33, determine the profit or loss per unit for each model. Using ABC, compute the overhead cost per unit for each product line. (Round your final answers to 2 decimal places.) Activity Components Changeover Machining Setups Finishing Welding Inspecting Rework Support Purchasing Providing space and utilities Expected Costs $ $ $ 565.250 365,190 217,800 311,040 295,000 57,400 167,170 122,700 Expected Activity 850 Number of batches 7,770 Machine hours 120 Setups 5,400 Welding hours 870 Inspections 200 Rework orders 458 Purchase orders 6.600 Une Activity Rate Total overhead cost Total units produced Overhead cost per unit < Required 1 Required 2 > Model 145 Activity driver - Overhead incurred assigned Mod Activity driver incurred Expected Activity 850 Number of batches 7,770 Machine hours 120 Setups 5,400 Welding hours 870 Inspections 280 Rework orders 458 Purchase orders 6,600 Units Activity Rate Total overhead cost Total units produced Overhead cost per unit < Required 1 Model 145 Activity driver incurred Required 2 > Overhead assigned Model 212 Activity driver incurred Overhead assigned 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $660.31 and the market price for Model 212 is $376.33, determine the profit loss per unit for each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $220 for Model 145 and $118 for Model 212. (Round your final answers to 2 decimal places.) Model 145 Model 212 Matenals and Labor per unit Overhead cost per unit Total cost per unit < Required 1 Required 3 > 1. Using ABC, compute the overhead cost per unit for each product line. 2. Determine the total cost per unit for each product line if the direct labor and direct materials costs per unit are $220 for Model 145 and $118 for Model 212. 3. If the market price for Model 145 is $660.31 and the market price for Model 212 is $376.33, determine the profit or loss per unit for each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If the market price for Model 145 is $660.31 and the market price for Model 212 is $376.33, determine the profit or per unit for each model. (Round your final answers to 2 decimal places.) Model 212 Price per unit Cost per unit Profit (loss) per unit Model 145 < Required 2 Required 3 >

Answer rating: 100% (QA)

To complete this assignment we need to calculate the overhead cost per unit for each product line using ActivityBased Costing ABC determine the total cost per unit including direct labor and materials ... View the full answer