Please answer both questions correctly
Posted: Wed Jul 06, 2022 6:00 am
Please answer both questions correctly
Royal Lawncare Company produces and sells two packaged products-Weedban and Greengrow. Revenue and cost information relating to the products follow: Selling price per unit Variable expenses per unit Traceable fixed expenses per year Weedban $ 10.00 $ 2.30 $ 131,000 Product Greengrow $ 38.00 $ 12.00 $ 36,000 Last year the company produced and sold 37,000 units of Weedban and 16,500 units of Greengrow. Its annual common fixed expenses are $96,000. Required: Prepare a contribution format income statement segmented by product lines. Total Company $ 0 0 0 Product Line Weedban $ 0 0 Greengrow $ 0 0
Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Hubs Sprockets Additional information about the company follows: 0.80 0.40 a. Hubs require $39 in direct materials per unit, and Sprockets require $19. b. The direct labor wage rate is $11 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Annual Production 24,000 units 41,000 units Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Required 1 Required 2 Complete this question by entering your answers in the tabs below. Activity Cost Pool Machine setups Special processing Estimated Overhead Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Compute the activity rate for each activity cost pool. Activity Rate per setup per MH Cost $ 25,875 $ 220,000 $ 298,000 Hubs 115 4,000 ΝΑ Activity Sprockets 92 0 ΝΑ Total 207 4,000 ΝΑ
Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Direct materials Direct labor Overhead Unit cost $ Hubs Sprockets 0.00 $ 0.00
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Fogerty Company makes two products-titanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Hubs Sprockets Additional information about the company follows: 0.80 0.40 a. Hubs require $39 in direct materials per unit, and Sprockets require $19. b. The direct labor wage rate is $11 per hour. c. Hubs require special equipment and are more complex to manufacture than Sprockets. d. The ABC system has the following activity cost pools: Annual Production 24,000 units 41,000 units Activity Cost Pool (Activity Measure) Machine setups (number of setups) Special processing (machine-hours) General factory (organization-sustaining) Required 1 Required 2 Complete this question by entering your answers in the tabs below. Activity Cost Pool Machine setups Special processing Estimated Overhead Required: 1. Compute the activity rate for each activity cost pool. 2. Determine the unit product cost of each product according to the ABC system. Compute the activity rate for each activity cost pool. Activity Rate per setup per MH Cost $ 25,875 $ 220,000 $ 298,000 Hubs 115 4,000 ΝΑ Activity Sprockets 92 0 ΝΑ Total 207 4,000 ΝΑ
Determine the unit product cost of each product according to the ABC system. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Direct materials Direct labor Overhead Unit cost $ Hubs Sprockets 0.00 $ 0.00