Question: this is a 4 part question! Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Tent

this is a 4 part question!
this is a 4 part question! Use the following information for the
Problems below. (Algo) [The following information applies to the questions displayed below]
Tent Master produces Pup tents and Pop-up tents. The company budgets $245,000
of overhead cost and 49.000 direct labor hours. Additional information follows Per
Unit Pup tent Pop-up tent Activity Assembly Selling Price Direct Materials $

Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below] Tent Master produces Pup tents and Pop-up tents. The company budgets $245,000 of overhead cost and 49.000 direct labor hours. Additional information follows Per Unit Pup tent Pop-up tent Activity Assembly Selling Price Direct Materials $ 80 75 Electricity Materials purchasing Total Problem 17-3A (Algo) Using activity-based costing to allocate overhead cost, and compute overhead cost per unit and gross profit per unit LO P3 Budgeted Cost $ 147,000 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) 31,000 67,000 $ 245,000 $23 25 Pup tents 33,500 4,000 200 Direct Labor $.46 31 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Required: 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. Activity Usage Pop-up tents 15,500 6,000 300 Budgeted Activity Usage 49,000 10,000 500 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit) Complete this question by entering your answers in the tabs below. Required 3 Required 4 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Activity Budgeted Cost Budgeted Activity Usage Required 1 Required 2 Assembly Electricity Materials purchasing Required 1 Required 2 > Activity Rate Required 1 Required 2 Required 3 The following actual activity usage produced 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. (Round "Activity Rate" and "Overhead per unit" to 2 decimal places.) Activity Assembly Electricity Materials purchasing Total allocated cost Units produced Overhead cost per unit Activity Assembly Electricity Materials purchasing Required 4 Total allocated cost Units produced Overhead cost per unit Allocate overhead to Pup tent Activity Usage Allocate overhead to Pop-up tent Activity Usage Allocated Cost $ 0 $ 0 0 $ 0 Allocated Cost $ 0 0 0 0 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate" and final answers to 2 decimal places.) Per Unit Pup tent Pop-up tent Direct Materials $ Direct Labor 23.00 $ 25.00 46.00 31.00 Overhead 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit) Complete this question by entering your answers in the tabs below. Required 11 Required 2 Required 4 For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). (Round "Activity Rate and final answers to 2 decimal places. Enter any product costs in excess of selling prices as negative values.) Per Unit Pup tent Pop-up tent Selling Price $ 80.00 75.00 Required 3 Product Cost Gross Profit

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!