Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

National Inc, manufactures two models of CMD that can be used as cell phones, MPX, and digital camcorders, Model High F Great P Annual Sales

image text in transcribed
image text in transcribed
image text in transcribed
National Inc, manufactures two models of CMD that can be used as cell phones, MPX, and digital camcorders, Model High F Great P Annual Sales in Units 12,800 17,000 National uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows: Direct materials Direct labor High F $40.ee $19.60 Great P $27.40 $15.20 Budget factory overhead: Engineering and Design Quality Control Machinery Miscellaneous Overhead Total 2,888 engineering hours 13,230 inspection hours 34, 110 machine hours 26,790 direct labor hours $ 420, eee 326,eee 610,560 133,eee $1,489,560 National's controller had been researching activity-based costing and decided to switch to it. A special study determined National's two products have the following budgeted activities: Engineering and design hours Quality control inspection hours Machine hours Labor hours High F Great P 1,160 1,640 5,840 7,390 20,480 13,630 12,200 14,590 Using activity-based costing, total overhead per unit of the High F model is: (Rounded to the nearest cent.) $43.79. $45.87. $59.15. $62.09. $150.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting College Version

Authors: Steven M. Bragg

1st Edition

1938910702, 978-1938910708

More Books

Students also viewed these Accounting questions