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Chapter 4 Lab PB 4-4, page 190 Enter formulas or descriptions in these fields Given Data: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected unit production per mc JuniorE S92 $51 $390 4000 115 $75 $615 9000 1 Overhead assigned to each product under traditional costing system Traditional costing overhead rate Junior Total Cost Drivers Junior E Total 146 1650 1000 Traditional Overhead applied Number of setups required Number of inspections Number of Machine hours Number of engineering hours 60 975 350 352 86 675 650 612 Calculate the traditional product unit cost Junior Ex Material Labor Overhead Total Product Cost Overhead Cost Pools: Costs $136,364 $163,020 $78,840 $106,522 3 Calculate Unit Gross Margin per product Quality Control Maintenance Engineering Junior 746 Gross Margin 4 Calculate Activity Rates Cost Pool O H costs Driver Driver V. Activity Rate Quality Control Maintenance Engineeri Total 5 Apply activity overhead Junior Ex Total Quality Control Maintenance Engineering Total Overhead Per Unit OH 6 Calculate per unit ABC cost Junior Ex Labor Overhead Total Product Cost 7 Calculate Unit Gross Margin for ABC costin Junior CoGS Gross Margin Traditional Gross Margin 8 Unit Gross Margin Differences Difference