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1 Product A Product B Total costs $ Given the following information: Activity Cost driver Machining machine hours Setup Production runs Inspection Inspection hours Number of units 20,000 hr 50,000 hr $375,000 50 runs 60 runs $120,000 1000 hr 500 hr $105,000 50,000 100,000 Using activity based costing, the allocated manufacturing overhead cost per unit of product Bis- A- B I EE OP 2 A manufacturing process is used to produce masses of identical units
1
Product A Product B Total costs $ Given the following information: Activity Cost driver Machining machine hours Setup Production runs Inspection Inspection hours Number of units 20,000 hr 50,000 hr $375,000 50 runs 60 runs $120,000 1000 hr 500 hr $105,000 50,000 100,000 Using activity based costing, the allocated manufacturing overhead cost per unit of product Bis- A- B I EE OP
2
A manufacturing process is used to produce masses of identical units. Given the following: Physical WIP beginning (90 % Direct material, 60 X conversion) 500 units Started during current period 9,500 units WIP Ending (80 % Direct material, 40% conversion) 1,000 units Using FIFO method, the work done to date in current period in equivalent unit for conversion costs will be 1 ?" B I c?
Expert Solution
1
| Allocated machining cost ($375,000/(20,000+50,000)*50,000) | $ 267,857.14 |
| Allocated setup cost ($120,000/(50+60)*60) | $ 65,454.55 |
| Allocated inspection cost ($105,000/(1,000+500)*500) | $ 35,000.00 |
| Total allocated overhead | $ 368,311.69 |
| Number of units produced | 100,000 |
| Manufacturing overhead cost per unit ($368,311.69/100,000) |
$ 3.683117 |
2
Equivalent Unit under FIFo System
| Physical | % of current period | Equivalent unit of conversion | |
| Beginning WIP | 500 | 40% | 200 |
| Units started and completed (9500-1000) | 8500 | 100% | 8500 |
| Ending WIP | 1000 | 40% | 400 |
| Total | 9100 |
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