Module 5 Homework 0 Saved Help 5 paints skipped References Hall, Incorporated manufactures two components, Standard and Ultra, that are designed for the same function, but are made of different metals for operational performance reasons. The metal used in Standard is easy to work with and there are few quality issues or reworking required on the machines. The metal used in Ultra is more difficult to work with and often needs additional machine time and rework. Data on expected operations and direct costs for the next scal year follow: Standard Ultra Total Units produced 36,33I13,5I@ 46,58I Direct labor-hours used 133,333 22,533 133,533 Machine-hours used 18,333 22,533 43,533 Direct materials costs $ 2,772,333 $ 2,635,333 $ 5,457,333 Direct labor costs 2,520,333 355,333 3,375,333 The planning process team at Hall, Incorporated has estimated the following manufacturing overhead costs for the next fiscal year: Account Amount Administration $ 825,433 Engineering 2.285.533 Machine operation and maintenance 815,333 Miscellaneous 543,133 Supervision 884,533 Total $ 5,353,533 The cost accounting system at Hall. Incorporated calculates product costs by adding allocated overhead to the direct costs of the product. Overhead costs are allocated based on direct labor-hours. Required: a. Compute the estimated per unit product costs for the next scal year. based on the current cost accounting system. b. An analyst on the planning process team suggests thata two-stage system would improve the estimated product costs. The analyst suggests that overhead be first assigned to on one of two cost pools: Machine related and labor related. Machine-related overhead consists ofthe accounts \"Engineering" and 'Machine operation and maintenance." Labor-related overhead consists ofthe remaining manufacturing overhead. Machine-related costs would be allocated based on machine-hours. Labor-related overhead would be allocated based on directl'abor cost. Compute the estimated per unit product costs for the next fiscal year, based on the system proposed by the analyst. Save & Exit Submit Module 5 Homework i Saved Help Save & Exit Submit Check my work 5 Total $ 5, 350, 5OU The cost accounting system at Hall, Incorporated calculates product costs by adding allocated overhead to the direct costs of the product. Overhead costs are allocated based on direct labor-hours. 5 Required: points Skipped a. Compute the estimated per unit product costs for the next fiscal year, based on the current cost accounting system. b. An analyst on the planning process team suggests that a two-stage system would improve the estimated product costs. The analyst suggests that overhead be first assigned to on one of two cost pools: Machine related and labor related. Machine-related overhead consists of the accounts "Engineering" and "Machine operation and maintenance." Labor-related overhead consists of the remaining manufacturing overhead. Machine-related costs would be allocated based on machine-hours. Labor-related overhead Book would be allocated based on direct labor cost. Compute the estimated per unit product costs for the next fiscal year, based on the system proposed by the analyst. Print Complete this question by entering your answers in the tabs below. References Required A Required B Compute the estimated per unit product costs for the next fiscal year, based on the current cost accounting system. Standard Ultra Product cost per unit Mc Graw Hill