Business, 28.07.2021 20:10 pringleosmond

Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is presented below: Cost Drivers by Product Activity Cost Pool Ordering and Receiving Machine Setup Machinine Assembly Inspection Cost Driver Estimated Overhead Budget Deluxe $130,000 Orders Setups Machine hours Parts 400 400 150,000 100,000 600 297,000 500 1,000,000 600,000 1,200,000 800,000 300,000 550 450
Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round overhead cost per unit to 2 decimal places, eg. 12.25 and cost assigned to O decimal places, eg. 2,500)
Overhead cost per unit
Budget S per unit
Deluxe $ per unit

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Answer from: lucyamine0

Randel Manufacturing

Overhead cost per unit

Budget $2.81 per unit

Deluxe $6.80 per unit

Explanation:

a) Data and Calculations:

Cost Drivers by Product

Activity Cost Pool Cost Driver Estimated Budget Deluxe

Overhead

Ordering and Receiving Orders $130,000 600 400

Machine Setup Setups 297,000 500 400

Machining Machine hours 1,000,000 150,000 100,000

Assembly Parts 1,600,000 1,200,000 800,000

Inspection Inspections 300,000 550 450

Cost Pool Overhead Rates

Ordering and Receiving $130 ($130,000/1,000) per order

Machine Setup $330 ($297,000/900) per setup

Machining $4 ($1,000,000/250,000) per machine hour

Assembly $0.80 ($1,600,000/2,000,000) per part

Inspection $300 ($300,000/1,000) per inspection

Estimated Rates Budget Deluxe

Overhead

Ordering and Receiving $130 $78,000 $52,000

Machine Setup $330 165,000 132,000

Machining $4 600,000 400,000

Assembly $0.80 960,000 640,000

Inspection $300 165,000 135,000

Total overhead costs $1,968,000 $1,359,000

Production units 700,000 200,000

Overhead per unit $2.81 $6.80

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Answer from: Quest

The correct answer is "c) beginning inventory for the first quarter"

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