Assignment $2$: Cost Solver $($Graded$)$

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Instructions

Assignment: Cost Solver

Weight: $40\%$

Type: Individual$/$Group: Individual

Purpose $($of assessment$)$: To demonstrate the learner's understanding of calculating cost.

Instructions:

Work the cost accounting problems $($Part $1$ and Part $2)$ provided below:

Part $1$: Klein Company produces three types of bird feeders: Basic, Squirrel$-$Proof, and Deluxe.

Currently, the company allocates overhead to products using machine hours. This year, the company produced the following:

$1000$ Basic models

$2000$ Squirrel$-$Proof models

$1800$ nelixe monels

Number of Units Shipped

$$i$

Write a paper, no more than one page in length, that discusses the following:

What are your observations when you compare the results for each method?

Which do you think is more accurate and why?

Based on your results, would you recommend the firm change the level of production for any category and why?

Submission Guidelines:

Upload your solution and your analysis to the dropbox.

Assessment Criteria: Your assignment will be assessed using the following Rubric: Assignment $2$: Cost Solver.

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Assignment $2$: Cost Solver $($Gr$...$ products is $$28,000.$

Calculate the profit per unit for each product after allocated overhead costs using machine hours. $q,$

Part $2$: Use the activity$-$based information below to calculate the cost of each unit of product using machine setups instead of machine hours.

$\backslash$table$[[$Cost Driver,$],[$Number of Machine Setups,$$1$: