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How do I find the product cost per unit?

How do I find the product cost per unit?

SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter2: Working With The Tax Law
Section: Chapter Questions
Problem 2RP
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How do I find the product cost per unit?

Required information 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 Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) 2 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). Required 1 Complete this question by entering your answers in the tabs below. Pup tent Pop-up tent FORMA Per Unit F2 Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate" and final answers to 2 decimal places.) W From M LA MESE Required 2 191-250 $ Direct Materials # 3 Pup tents 30,000 4,000 150 80 F3 20.00 $ 25.00 E Activity Usage Required 3 Required 4 Direct Labor 45.00 30.00 $ Pop-up tents 12,000 6,000 250 4 F4 Overhead < Required 2 R % 5 LO Product Cost per Unit F5 Required 4 > Prev <6 1 of 1 F6 & 7 Next A F7 TY U 8 DII F8 ( 9
Transcribed Image Text:Required information 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 Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) 2 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). Required 1 Complete this question by entering your answers in the tabs below. Pup tent Pop-up tent FORMA Per Unit F2 Compute product cost per unit for Pup tents and for Pop-up tents. (Round "Activity Rate" and final answers to 2 decimal places.) W From M LA MESE Required 2 191-250 $ Direct Materials # 3 Pup tents 30,000 4,000 150 80 F3 20.00 $ 25.00 E Activity Usage Required 3 Required 4 Direct Labor 45.00 30.00 $ Pop-up tents 12,000 6,000 250 4 F4 Overhead < Required 2 R % 5 LO Product Cost per Unit F5 Required 4 > Prev <6 1 of 1 F6 & 7 Next A F7 TY U 8 DII F8 ( 9
Problem Video X Assignment ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.johnstoncc.edu%252Fv ces ! 2 Question 1- Ch. 17 Assignmen X Required information [The following information applies to the questions displayed below.] Activity Assembly Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Electricity Materials purchasing Total Selling Price $ 78 73 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) F2 Budgeted Cost $ 168,000 24,000 60,000 $ 252,000 # 3 (1) PR17 3B Practice Video - Yox + Direct Materials 80 F3 $ 20 25 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 Pup tents 30,000 4,000 150 Required 1 Required 2 Required 3 Required 4 $ 4 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Complete this question by entering your answers in the tabs below. F4 Direct Labor $ 45 30 Pop-up tents 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). 12,000 6,000 250 % 5 O Saved F5 Prev 2 <6 Budgeted Activity Usage 42,000 10,000 400 1 of 1 F6 & 7 Next F7 * CO 8 DII F8 ( 9 8 FO
Transcribed Image Text:Problem Video X Assignment ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.johnstoncc.edu%252Fv ces ! 2 Question 1- Ch. 17 Assignmen X Required information [The following information applies to the questions displayed below.] Activity Assembly Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Electricity Materials purchasing Total Selling Price $ 78 73 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) F2 Budgeted Cost $ 168,000 24,000 60,000 $ 252,000 # 3 (1) PR17 3B Practice Video - Yox + Direct Materials 80 F3 $ 20 25 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 Pup tents 30,000 4,000 150 Required 1 Required 2 Required 3 Required 4 $ 4 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Complete this question by entering your answers in the tabs below. F4 Direct Labor $ 45 30 Pop-up tents 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). 12,000 6,000 250 % 5 O Saved F5 Prev 2 <6 Budgeted Activity Usage 42,000 10,000 400 1 of 1 F6 & 7 Next F7 * CO 8 DII F8 ( 9 8 FO
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