Question: PLEASE ANSWER ASAP! Thank you!! The following data are for the two products produced by Tadros Company Product A Product B Direct materials $20 per

PLEASE ANSWER ASAP! Thank you!!
PLEASE ANSWER ASAP! Thank you!! The following data are for the two
products produced by Tadros Company Product A Product B Direct materials $20
per unit $35 per unit Direct labor hours 0.6 DLH per unit

The following data are for the two products produced by Tadros Company Product A Product B Direct materials $20 per unit $35 per unit Direct labor hours 0.6 DLH per unit 1.4 DLH per unit Machine hours 0.22 MH per unit 0.5 MH per unit Batches 100 batches 200 batches Volume 15.000 units 5,000 units 60 modifications $100 per unit Engineering modifications 20 modifications Market price $40 per unit) The company's direct labor rate is $25 per direct labor hour (DLH) Additional information follows. Costs Driver Indirect Manufacturing Activities $ 36,000 Engineering modifications Engineering support Electricity 29,000 Machine hours 63,000 Batches Setup costs Requirement 1: Calculate the plant-wide overhead rate based on direct labor hours. Round all your calculations to 2 decimal places per DL hour Plaint-wide Overhead Rate Setup COSES 63.000 Batches Requirement 1: Calculate the plant-wide overhead rate based on direct labor hours. Round all your calculations to 2 decimal places. Plant-wide Overhead Rate per DL hour Requirement 2: Calculate the total manufacturing costs per unit by product after applying the plant-wide overhead rate calculated above. Round all your calculations to 2 decimal places Total Manufacturing Costs Per Product A Unit Product B Direct materials cost per unit Direct labor cost per unit Overhead per unit (using plant- wide rate) Total manufacturing costs per unit Requirement 3: Calculate the activity based costing (ABC) overhead rate for each indirect manufacturing activity. Round all your calculations to 2 decimal places Activity Name ABC OH Rate Requirement 3: Calculate the activity based costing (ABC) overhead rate for each indirect manufacturing activity. Round all your calculations to 2 decimal places. Activity Name ABC OH Rate Engineering support per modification Electricity per machine hour Setup costs per batch Requirement 4: Calculate the total manufacturing costs per unit by product after applying the ABC overhead rates Calculated above. Round all your calculations to 2 decimal places Total Manufacturing Costs Per Product A Unit Product B Direct materials cost per unit Direct labor cost per unit Overhead: Engineering support per unit Electricity per unit Setup costs per unit Total manufacturing costs per unit

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!