Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 18 Aug 2017 My Price 13.00

Harbour Company

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:

   

  Home Work
  Direct materials cost per unit           $ 37        $ 69  
  Direct labor cost per unit   22     32  
  Sales price per unit   354     572  
  Expected production per month   730 units   400 units
 

    

Harbour has monthly overhead of $195,085, which is divided into the following cost pools:

       

     
  Setup costs $ 82,390
  Quality control   66,495
  Maintenance   46,200
     
     Total $ 195,085
     
 

        

The company has also compiled the following information about the chosen cost drivers:

      

    Home   Work   Total
  Number of setups 38 69 107
  Number of inspections 330 385 715
  Number of machine hours 1,200   2,100 3,300
 

            

Required:
1.

Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations.)
   
   

    

2.

Calculate the production cost per unit for each of HarbourAc€?cs products under a traditional costing system.(Round your intermediate calculations and final answers to 2 decimal places.)
   
   

   

3.

Calculate HarbourAc€?cs gross margin per unit for each product under the traditional costing system.(Round your intermediate calculations and final answers to 2 decimal places.)
   
   

   

4.

Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system.
   
   

    

5.

Assuming an ABC system, assign overhead costs to each product based on activity demands.
   
   
6.

Calculate the production cost per unit for each of HarbourAc€?cs products in an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.)
   
   
7.

Calculate HarbourAc€?cs gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.)
   
   

  

8.

Compare the gross margin of each product under the traditional system and ABC. (Round your answers to 2 decimal places.)

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 04:08 PM My Price 13.00

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