I need help answering the questions below based on the information given above.

Value Stream Costing

Slater Corporation has a value stream that produces two products, Model 100 and Model 200. Last week, the value stream costs were as follows:

Materials $ 60,000 (60% is Model 100 and 40% is Model 200.

Salaries & Wages 30,000

Machining 25,000

Other Costs 11,000

Total $126,000

The company produced and shipped 3,000 units of Model 100 and 6,000 units of Model 200. Total production hours for the week were 5,400. Model 100 has a cycle time of 1.05 hours and Model 200 has a cycle time of 0.37 hours.

1. Calculate the unit cost for each model, using the average conversion cost method

2. Calculate the unit cost for each model, using duration-based costing (DBC).

3. Explain under what circumstances and why the costs calculated using DBC are more accurate than the costs using average conversion cost.