Answer both please. Requlred Informatlon[The following information apples to the questions displayed below.]Performance Products Corporation makes two products, titanlum Rims and Posts. Data regarding the twoproducts follow.DirectLabor-HoursAnnualper unitProduction19,000 units86,800 unitsRims0.80Posts0.60Additional Information about the company follows:a. Rims require $13 in direct materials per unlt, and Posts require $9.b. The direct labor wage rate is $15 per hour.C. Rims are more complex to manufacture than Posts and they require special equipment.d. The ABC system has the following activity cost pools:Estimated ActivityEstimatedOverheadActivity Cost PoolMachine setupsTotalActivity MeasureNumber of setupsCostRimsPosts$ 39,560$ 140,180$ 532,00080120200Special processingGeneral factoryMachine-hours2,0003,0002,000Direct labor-hours35, e0038,0002. Determine the unit product cost of each product according to the ABC system. (Do not round intermedlete calculations.Round your final answers to 2 decimal pleces.)Unit product cost of RimsUnit product cost of Posts Requlred Information[The following Information applies to the questions displayed below.]Performance Products Corporation makes two products, titanlum Rims and Posts. Data regarding the twoproducts follow:DirectLabor-HoursAnnualper unitProduction19,000 units86,800 unitsRims0.80Posts0.60Additional Information about the company follows:a. Rims require $13 In direct materlals per unlt, and Posts require $9.b. The direct labor wage rate is $15 per hour.C. Rims are more complex to manufacture than Posts and they require special equipment.d. The ABC system has the following activity cost pools:Estimated ActivityEstimatedOverheadActivity Cost PoolMachine setupsSpecial processingGeneral factoryActivity MeasureNumber of setupsCostRimsPostsTotal$ 39,560$ 148,189$ 532,00080120200Machine-hours2,0003,0002,000Direct labor-hours35,00038,e00Required:1. Compute the activity rate for each activity cost pool. (Round your answers to 2 decimel pleces.)Activity Cost PoolActivity RateMachine setupsper setupSpecial processingper MHGeneral factoryper DLH

Activity based costing (ABC) method is an accounting method of allocating manufacturing overheads to…

Required Information [The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanlum Rims and Posts. Data regarding the two products follow. Direct Labor-Hours Annual per unit e.80 Production Rims 19,000 units 86,e00 units Posts 0.60 Additional Information about the company follows: a. Rims require $13 in direct materials per unit, and Posts requlre $9. b. The direct labor wage rate Is $15 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Estimated Activity Estimated Overhead Rims Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Cost Posts Total $ 39,560 $ 148,180 $ 532,e00 120 200 Machine-hours 2,e00 2,eee Direct labor-hours 3,ee0 35,e0e 38,eee 2. Determine the unit product cost of each product according to the ABC system. (Do not round Intermedlete calculations. Round your final answers to 2 decimal pleces.) Unit product cost of Rims Unit product cost of Posts

Required Information [The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanlum Rims and Posts. Data regarding the two products follow. Direct Labor-Hours Annual per unit e.80 Production Rims 19,000 units 86,e00 units Posts 0.60 Additional Information about the company follows: a. Rims require $13 in direct materials per unit, and Posts requlre $9. b. The direct labor wage rate Is $15 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Estimated Activity Estimated Overhead Rims Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Cost Posts Total $ 39,560 $ 148,180 $ 532,e00 120 200 Machine-hours 2,e00 2,eee Direct labor-hours 3,ee0 35,e0e 38,eee 2. Determine the unit product cost of each product according to the ABC system. (Do not round Intermedlete calculations. Round your final answers to 2 decimal pleces.) Unit product cost of Rims Unit product cost of Posts

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 1CE: Thomas Corporation produces heating units. The following values apply for a part used in their...

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