Required information 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Required 1 Required 2 Activity Usage Pup tents. 30,000 4,000 150 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Complete this question by entering your answers in the tabs below. Assembly Electricity Materials purchasing Required 3 Pop-up tents 12,000 6,000 250 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Budgeted Activity Usage Activity Rate Budgeted Cost Required 4 < Required 1 Required 2 >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question

How do I fill out the chart?

Required information
1. Compute an activity rate for each activity using activity-based costing.
2. The following actual activity usage produced 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to
Pop-up tents and compute overhead cost per unit for each product.
Activity Cost Driver
Direct labor hours (DLH)
Machine hours (MH)
Purchase orders (PO)
2
Required 1 Required 2
3. Compute product cost per unit for Pup tents and for Pop-up tents.
4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).
Assembly
Electricity
Materials purchasing
Complete this question by entering your answers in the tabs below.
F2
W
#
3
Pup tents
30,000
4,000
150
Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.)
Budgeted Activity Usage
80
F3
E
Activity Usage
Required 3
Budgeted Cost
4
Pop-up tents
Required 4
12,000
6,000
250
a
F4
R
< Required 1
%
5
F5
Required 2 >
Prev
6
F6
1 of 1
TY
&
7
Activity Rate
Next
F7
U
*
8
DII
F8
I
(
9
F
Transcribed Image Text:Required information 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) 2 Required 1 Required 2 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). Assembly Electricity Materials purchasing Complete this question by entering your answers in the tabs below. F2 W # 3 Pup tents 30,000 4,000 150 Compute an activity rate for each activity using activity-based costing. (Round "Activity Rate" to 2 decimal places.) Budgeted Activity Usage 80 F3 E Activity Usage Required 3 Budgeted Cost 4 Pop-up tents Required 4 12,000 6,000 250 a F4 R < Required 1 % 5 F5 Required 2 > Prev 6 F6 1 of 1 TY & 7 Activity Rate Next F7 U * 8 DII F8 I ( 9 F
Problem Video X
Assignment
ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.johnstoncc.edu%252Fv
ces
!
2
Question 1- Ch. 17 Assignmen X
Required information
[The following information applies to the questions displayed below.]
Activity
Assembly
Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct
labor hours. Additional information follows.
Per Unit
Pup tent
Pop-up tent
Electricity
Materials purchasing
Total
Selling Price
$ 78
73
Activity Cost Driver
Direct labor hours (DLH)
Machine hours (MH)
Purchase orders (PO)
F2
Budgeted Cost
$ 168,000
24,000
60,000
$ 252,000
# 3
(1) PR17 3B Practice Video - Yox +
Direct Materials
80
F3
$ 20
25
Required:
1. Compute an activity rate for each activity using activity-based costing.
2. The following actual activity usage produced 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to
Pop-up tents and compute overhead cost per unit for each product.
Activity Usage
Pup tents
30,000
4,000
150
Required 1 Required 2 Required 3 Required 4
$
4
Activity Cost Driver
Direct labor hours (DLH)
Machine hours (MH)
Purchase orders (PO)
Complete this question by entering your answers in the tabs below.
F4
Direct Labor
$ 45
30
Pop-up tents
3. Compute product cost per unit for Pup tents and for Pop-up tents.
4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).
12,000
6,000
250
%
5
O
Saved
F5
Prev
2
<6
Budgeted
Activity Usage
42,000
10,000
400
1 of 1
F6
&
7
Next
F7
* CO
8
DII
F8
(
9
8
FO
Transcribed Image Text:Problem Video X Assignment ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.johnstoncc.edu%252Fv ces ! 2 Question 1- Ch. 17 Assignmen X Required information [The following information applies to the questions displayed below.] Activity Assembly Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows. Per Unit Pup tent Pop-up tent Electricity Materials purchasing Total Selling Price $ 78 73 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) F2 Budgeted Cost $ 168,000 24,000 60,000 $ 252,000 # 3 (1) PR17 3B Practice Video - Yox + Direct Materials 80 F3 $ 20 25 Required: 1. Compute an activity rate for each activity using activity-based costing. 2. The following actual activity usage produced 10,000 Pup tents and 6,000 Pop-up tents. Allocate overhead cost to Pup tents and to Pop-up tents and compute overhead cost per unit for each product. Activity Usage Pup tents 30,000 4,000 150 Required 1 Required 2 Required 3 Required 4 $ 4 Activity Cost Driver Direct labor hours (DLH) Machine hours (MH) Purchase orders (PO) Complete this question by entering your answers in the tabs below. F4 Direct Labor $ 45 30 Pop-up tents 3. Compute product cost per unit for Pup tents and for Pop-up tents. 4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit). 12,000 6,000 250 % 5 O Saved F5 Prev 2 <6 Budgeted Activity Usage 42,000 10,000 400 1 of 1 F6 & 7 Next F7 * CO 8 DII F8 ( 9 8 FO
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education