Question: PLEASE answer ASAP F. Based on your answers to (E) above, Calculate the per unit costs for each product again when applying these new overheads

PLEASE answer ASAP
PLEASE answer ASAP F. Based on your answers to (E) above, Calculate
the per unit costs for each product again when applying these new

F. Based on your answers to (E) above, Calculate the per unit costs for each product again when applying these new overheads costs. (Note: Assume the same production units, Direct Material Costs, and Direct Labor Costs; Only Overhead Costs change as part of (F).) G. Based on your calculation in (F), which product should no longer be produced by the company? Why? H. Based on which products should no longer be produced under each of the three costing methods, which method do you think is the best for Magnolia Bakery - Single Rate, ABC units produced, ABC Labor Costs and Machine Setup Costs? Why? C. Using the ABC production unit costing method calculated in (B), calculate the per unit profit margin for each product. D. Based on your calculation in (C), which product should no longer be produced by the company? Why? E. Assume that instead of the Expected Overhead Costs in (B), Overhead Costs are allocated to units based on two different activity bases: Labor Costs and Machine Setup Costs. Overhead costs are therefore applied to all units based on labor costs and machine setup costs based on number of units produced. Estimate the total overhead costs for each product again when applying overheads costs using the following allocation methods. F. Based on your answers to (E) above, Calculate the per unit costs for each product again when applying these new overheads costs. (Note: Assume the same production units, Direct Material Costs, and Direct Labor Costs; Only Overhead Costs change as part of (F).) G. Based on your calculation in (F), which product should no longer be produced by the company? Why? H. Based on which products should no longer be produced under each of the three costing methods, which method do you think is the best for Magnolia Bakery - Single Rate, ABC units produced, ABC Labor Costs and Machine Setup Costs? Why? C. Using the ABC production unit costing method calculated in (B), calculate the per unit profit margin for each product. D. Based on your calculation in (C), which product should no longer be produced by the company? Why? E. Assume that instead of the Expected Overhead Costs in (B), Overhead Costs are allocated to units based on two different activity bases: Labor Costs and Machine Setup Costs. Overhead costs are therefore applied to all units based on labor costs and machine setup costs based on number of units produced. Estimate the total overhead costs for each product again when applying overheads costs using the following allocation methods

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!