Please help me get the correct and complete solutions for each item. Answer are already provided but I couldn't figure out what's wrong in my solutions. Please help me. For nos. 8-13 only HiTech Products manufactures three types of remote-control devices: Economy,Standard, and Deluxe. The company, which uses activity-based costing, hasidentified five activities (and related cost drivers). Each activity, its budgeted cost,and related cost driver is identified below.ActivityMaterial handlingCost$225,0002,475,000Cost DriverNumber ofpartsNumber ofpartsMachine hoursMaterial insertionAutomated machineryFinishing840,000170,000Direct laborhoursOrders shippedPackaging170,00Total$3,880,00The following information pertains to the three product lines for next year:Standard5,00050015EconomyDeluxeUnits to be producedOrders to be shippedNumber of parts perunitMachine hours per unitLabor hours per unit10,0001,000102,00020025132225. What is HiTech's cost application rate for the material-handling activity?A. $1.00 per part.B. $2.25 per part.C. $6.62 per labor hour.D. $13.23 per part.E. A rate other than those listed above.6. What is HiTech's cost application rate for the automated machinery activity?A. $24.00 per machine hour.B. $24.50 per labor hour.C. $49.42 per unit.D. $50.00 per machine hour.E. A rate other than those listed above.7. What is HiTech's cost application rate for the finishing activity?A. $5.00 per labor hour.B. $5.00 per machine hour.C. $5.00 per unit.D. $7.50 per unit.E. A rate other than those listed above. 8. What is HiTech's cost application rate for the packaging activity?A. $4.86 per machine hour.B. $5.00 per labor hour.C. $10.00 per unit.D. $100.00 per order shipped.E. A rate other than those listed above.9. Under an activity-based costing system, what is the per-unit cost ofEconomy?A. $141.B. $164.C. $225.D. $228.E. An amount other than those listed above.10. Under an activity-based costing system, what is the per-unit cost ofStandard?A. $164.B. $228.C. $272.D. $282.E. An amount other than those listed above.11. Under an activity-based costing system, what is the per-unit cost of Deluxe?A. $272.B. $282.C. $320.D. $440.E. An amount other than those listed above.12. Assume that HiTech is using a volume-based costing system, and thepreceding manufacturing costs are applied to all products based on directlabor hours. How much of the preceding cost would be assigned to Deluxe?A. $456,471.B. $646,471.C. $961,176.D. $1,141,176.E. An amount other than those listed above.13. Assume that HiTech is using a volume-based costing system, and thepreceding manufacturing costs are applied to all products based on directlabor hours. How much of the preceding cost would be assigned to Standard?A. $456,471.B. $646,471.C. $961,176.D. $1,141,176.E. An amount other than those listed above.

solution total number of parts =10000*10 +5000*15+2000*25…

HiTech Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cos and related cost driver is identified below. Activity Material handling Cost Cost Driver Number of 2$ 225,000 2,475,000 parts Number of parts Material insertion

HiTech Products manufactures three types of remote-control devices: Economy, Standard, and Deluxe. The company, which uses activity-based costing, has identified five activities (and related cost drivers). Each activity, its budgeted cos and related cost driver is identified below. Activity Material handling Cost Cost Driver Number of 2$ 225,000 2,475,000 parts Number of parts Material insertion

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 11E: Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in...

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Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving parts, moving parts, and setting up equipment. The activities, the activity drivers, the standard and actual quantities, and the price standards for 20x1 are as follows: The actual prices paid per unit of each activity driver were equal to the standard prices. Required: 1. Prepare a cost report that lists the value-added, non-value-added, and actual costs for each activity. 2. Which activities are non-value-added? Explain why. Also, explain why value-added activities can have non-value-added costs.
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