Question: Product Facility Direct materials cost Direct labor cost Additional data for each of the product lines follow: Number of labor hours Number of machine hours

Product Facility Direct materials cost Direct labor cost Additional data for each of the product lines follow: Number of labor hours Number of machine hours Number of production orders Research and development time Number of units Square footage Required Type of Product 105,600 Research and development 300,000 a. Commercial a. Home a. Miniature Combined total b. Commercial b. Home b. Miniature Rent, general utilities, maintenance, facil depreciation, administrative salaries Combined total Commercial $ 25.00/unit $ 10.00/hour 6,000 10,000 Total Cost 200 10% 15,000 20,000 (For all requirements, round intermediate calculations and "Cost per Unit" to 2 decimal places.) Home $15.00/unit $ 8.00/hour 12,000 45,000 2,000 a. Determine the total cost and cost per unit for each product line, assuming that overhead costs are allocated to each product line using direct labor hours as a companywide allocation base. Also determine the combined cost of all three product lines. b. Determine the total cost and cost per unit for each product line, assuming that an ABC system is used to allocate overhead costs. Determine the combined cost of all three product lines. Cost per Unit 20% 45,000 50,000 $ $ 2 14 31
 Product Facility Direct materials cost Direct labor cost Additional data for

Additional data for each of the product lines follow: Required a. Determine the total cost and cost per unit for each product line, assuming that overhead costs are allocated to each product line using direct labor hours as a companywide allocation base. Also determine the combined cost of all three product lines. b. Determine the total cost and cost per unit for each product line, assuming that an ABC system is used to allocate overhead costs. Determine the combined cost of all three product lines. (For afl requirements, round intermediate calculations and "Cost per Unit" to 2 decimal places.) Additional data for each of the product lines follow: Required a. Determine the total cost and cost per unit for each product line, assuming that overhead costs are allocated to each product line using direct labor hours as a companywide allocation base. Also determine the combined cost of all three product lines. b. Determine the total cost and cost per unit for each product line, assuming that an ABC system is used to allocate overhead costs. Determine the combined cost of all three product lines. (For afl requirements, round intermediate calculations and "Cost per Unit" to 2 decimal places.)

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!