Finch Boards produces two kinds of skateboards. Selected unit data for the two boa Production costs Direct materials Direct labor Allocated overhead Total units produced and sold Total sales revenue Basco Boards Shimano Boards $24.60 $ 30.60 $ 15.30 4,600 $ 400,200 $ 1,083,600 $ 37.20 $ 52.20 $ 19.20 8,600 Finch allocates production overhead using activity-based costing. It allocates delive to $57,000 per quarter, to the two products equally. Required a. Compute the per-unit cost for each product. Note: Do not round intermediate calculations. Round your answers to 2 decim. b. Compute the profit for each product.

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Chapter5: Process Costing
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Finch Boards produces two kinds of skateboards. Selected unit data for the two boards for the last quarter follow
Production costs
Direct materials
Direct labor
Allocated overhead
Total units produced and sold
Total sales revenue
a. Cost per unit
b. Profit
Basco Boards Shimano Boards
Basco Boards
$24.60
$ 30.60
$ 15.30
4,600
$ 400,200
Finch allocates production overhead using activity-based costing. It allocates delivery expense and sales commissions, which amount
to $57,000 per quarter, to the two products equally.
Required
a. Compute the per-unit cost for each product.
Note: Do not round intermediate
b. Compute the profit for each product.
$ 37.20
$ 52.20
$ 19.20
8,600
$1,083,600
calculations. Round your answers to 2 decimal places.
Shimano
Boards
Transcribed Image Text:Finch Boards produces two kinds of skateboards. Selected unit data for the two boards for the last quarter follow Production costs Direct materials Direct labor Allocated overhead Total units produced and sold Total sales revenue a. Cost per unit b. Profit Basco Boards Shimano Boards Basco Boards $24.60 $ 30.60 $ 15.30 4,600 $ 400,200 Finch allocates production overhead using activity-based costing. It allocates delivery expense and sales commissions, which amount to $57,000 per quarter, to the two products equally. Required a. Compute the per-unit cost for each product. Note: Do not round intermediate b. Compute the profit for each product. $ 37.20 $ 52.20 $ 19.20 8,600 $1,083,600 calculations. Round your answers to 2 decimal places. Shimano Boards
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