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Category > Management Posted 28 Oct 2017 My Price 10.00

Harbour Company

Need help solving Unit CostAc€?cs and Gross MarginAc€?cs. Questions 2,3,5,6,7,8

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

Home           Work

Direct Materials Cost Per Unit                                 $35                  $67

Direct Labor Cost Per Unit                                       19                    35

Sales Price Per Unit                                                 365                  574

Expected Production Per Month                              790                  400 Units

Harbour has monthly overhead of $202,535, which is divided into the following cost pools:

Setup Costs                                                                $87,360

Quality Control                                                            $71,775

Maintenance $43,400

            Total                                                                    $202,535

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

     Home, Work, Total

Number of Setups: 38, 66, 104

Number of Inspections: 330, 395, 725

Number of Machine Hours: 1,600, 1,500, 3,100

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.)

                           Overhead Assigned

Home Model: $104,534      

Work Model:            $98,001

Total OH Cost:         $202,535

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.)

                                               

                        Home                   Work

Unit Cost:          ?                           ?

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.)

                           Home       Work

Gross Margin:          ?             ?

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

Setup Costs             Setups                       $840

Quality Control         Inspections               $99.00

Maintenance            Machine Hours         $14.00

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

                                                OH assigned to Home       OH assigned to Work

Setup Costs: ?                                                  ?

Quality Control:                                   ?                                                  ?

Maintenance:                                       ?                                                  ?

Total Overhead Cost: ?                                                  ?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 28 Oct 2017 10:10 PM My Price 10.00

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