Question: I have been using this example as a base for trying to determine the unit product costs of the Deluxe and Standard products under the

I have been using this example as a base for trying to determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. The numbers for my problem are different than the original example. I have attached the numbers used in the example

I have been using this example as a base forI have been using this example as a base for
C newconnect.mheducation.com/flow/connect.html Chapter 2/2A Pre-Quiz i Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does 16 Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two produ Deluxe Standard 8 Direct materials per unit 51.00 39.00 points Direct labor per unit 9.00 7.60 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 concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead $595, 060 Estimated total direct labor-hours SH70 000 LZ Required: 1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional cos 2. The company is considering replacing its traditional costing system with an activity-based absorption costi have the following three activity cost pools Mc Graw Education O Type here to search e N 9 W 88Chapter 2/2A Pre-Quiz i Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicat 16 Required: 1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing syste 8 2. The company is considering replacing its traditional costing system with an activity-based absorption costing system points have the following three activity cost pools: Expected Activity Estimated Overhead Activity Cost Pools and Activity Measures Cost Deluxe Standard Total Supporting direct labor (direct labor-hours) $ 462, 000 7,000 70,000 77,000 Batch setups (setups) 81,000 200 100 300 h Safety testing (tests) 52,000 30 70 100 Total manufacturing overhead cost $ 595,000 Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing sy x Answer is complete but not entirely correct. Mc Graw Hill Education Type here to search e N 9 W

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!