Requirement 3. Calculate the budgeted unit cost of basic and deluxe trophies il Tribute alocates overhead costs in each

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Requirement 3 Calculate The Budgeted Unit Cost Of Basic And Deluxe Trophies Il Tribute Alocates Overhead Costs In Each 1 (61.29 KiB) Viewed 71 times

Requirement 3. Calculate the budgeted unit cost of basic and deluxe trophies il Tribute alocates overhead costs in each department using activity-based costing where setup costs are allocated based on number of batches and general overhead costs for each department are allocated based on direct manufacturing labour costs of each department Hegn by calculating the budgeted setup rate for the forming dapartment. First select the formula then anter the applicable amounts and calculate the rate (Round your answer to the nearest whole dollar Abbreviations used DC- Directonst. DL - Direct labour, $ - dollar Budgeted setup rate Forming Now calculate the budgeted gerveral overhead rate for the forming and the assembly departments. First select the formulu; then enter the applicable amounts arid calculate the rates. (Round your answer to the nearest cert, $X.XX. Abbreviations und DC- Direct cast, DL = Direct labour $ = dolar) Budgeted supervision rate Forming 1 Assembly 11 Now calculate the budgeted cost af basic and deluxe trophies if Trbute alocates overhead costs in each department using arthity-based casting. (Round your answers to the nearest whale dollar) Basic Deluxe Total Direct materials Direct manufacturing labour Total direct cost Allocated overhead: Forming department Setup General overhead Assembly department General overhead Total costs Finally, calculate unit cost for the basic and deluxe trophies. (Round your final answer to the nearest cent, $X.XX.)
Basic Deluxe Total Total direct costs Allocated overhead Total costs Unit cost Requirement 4. Explain briefly why plant-wide department, and activity-based costing systems show different costs for the basic and deluxe trophies. Which system would you recommend and why? As Tribule uses more refined cost pools, the costs of basic trophies and costs of deluxe trophies This is because trophies use a higher proportion of cost drivers. Direct costs are a trophies compared to baskotrophies. This results in deluxe trophies being and hasic Trophies in the simpla costing system for deluxe The activity-based coming system is to understand which Tribute use the activity-based costing system because it helps managers pricing, cost reduction, and design decisions
- Х Data table The controller has asked you to compare plantwide, department, and activity-based cost allocation. Triumph Budgeted Information for the Year Ended November 30, 2020 Forming Department Basic Deluxe Total Direct materials $ 29,000 $ 22,400 $ 51,400 Direct manufacturing labor 31,400 18,100 49,500 Overhead costs: Set up 15,840 Overhead costs: General overhead 39,600 Deluxe $ Assembly Department Direct materials Direct manufacturing labor Overhead costs: General overhead Basic 4,900 $ 15,400 7,400 $ 18,600 Total 12,300 34,000 47,600 Print Done
Triumph Inc, makes two styles of trophies, basic and deluxe, and operates at capacity. Triumph does large custom orders. Triumph budgets to produce 10,000 basic trophies and 5,000 deluxe trophies. Manufacturing takes place in two production departments: forming and assembly. In the forming department, indirect manufacturing costs are accumulated in two cost pools, set up and general overhead. In the assembly department, all indirect manufacturing costs are accumulated in one general overhead cost pool. The basic trophies are formed in batches of 200 but because of the more intricate detail of the deluxe trophies, they are formed in batches of 50 2 Click the icon to view budgeted information.) Read the requirements Basic Deluxe lotai Direct materials Forming $ 51,400 29,000 $ 4,900 22.400 $ 7,400 12,300 33.900 29,800 63.700 Assembly Total direct materials Direct manufacturing labor Forming Assembly Total direct manufacturing labor 18,100 31,400 15.400 49,500 34,000 18,600 46.800 36.700 83,500 $ 80,700 $ 66,500 $ Total direct costs 147,200