Question: Please help with question 2, 3 and 8. 2.10.00 points Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production



Please help with question 2, 3 and 8.
2.10.00 points Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Home $ 43 350 Work S 65 Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month 35 573 300 units 710 units Harbour has monthly overhead of $178,045, which is divided into the following cost pools: Setup costs Quality control Maintenance $ 78,020 56,525 43,500 Total $178,045 The company has also compiled the following information about the chosen cost drivers: Home Work Total 94 665 1,200 1,700 2,900 51 300 365 43 Number of setups Number of inspections Number of machine hours Required 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations.) Overhead Assigned 73,668 104,363 178,031 Home Model: Work Model Total Overhead Cost Required 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations.) Home Model: Work Model Total Overhead Overhead Assigned 73,668 104,363 178,031 Cost 2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost $ 168.76 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Gross Margin $ 181.24 4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system Setup Costs Setups Quality Control Inspections Maintenance Machine HoursS 830 85.00 15 4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system Setup Costs Setups Quality Control Inspections Maintenance Machine Hours$ 830 85.00 15 5. Assuming an ABC system, assign overhead costs to each product based on activity demands Overhead Assigned To Home Overhead Assigned To Work Setup Costs Quality Control Maintenance Total Overhead Cost 35,690$ 25,500$ 18,000 $ 79,190 $ 42,330 31,025 25,500 98,855 6. Calculate the production cost per unit for each of Harbour's products in an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost $ 176.54$ 429.52 5. Assuming an ABC system, assign overhead costs to each product based on activity demands. Overhead Assigned To Home Overhead Assigned To Work Setup Costs Quality Control Maintenance Total Overhead Cost$ 35,690S 25,500 S 18,000 S 79,190S 42,330 31,025 25,500 98,855 6. Calculate the production cost per unit for each of Harbour's products in an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost S 176.54 429.52 7. Calculate Harbour's gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Gross Margin 173.46S 143.48 8. Compare the gross margin of each product under the traditional system and ABC. (Round your answers to 2 decimal places.) Home $ $ 173.46 143.48 Work Gross Margin (Traditional) Gross Margin (ABC) 181.24
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