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Hitman42 [59]
3 years ago
12

The company makes 340 units of product P23F a year, requiring a total of 710 machine-hours, 80 orders, and 40 inspection-hours p

er year. The product's direct materials cost is $40.05 per unit and its direct labor cost is $14.35 per unit. The product sells for $121.90 per unit. According to the activity-based costing system, the product margin for product P23F is:
Business
1 answer:
kifflom [539]3 years ago
4 0

Answer:

$ 5,401.60

Explanation:

Activity cost pool

<em>Assembly</em>: $ 698,720 (Total Cost) / $ 44,000 (Total activity machine-hours)

             = $ 15.88 per machine-hour

<em>Processing Orders</em>: $ 90,763 (Total cost) / 1,900 orders = 47.77 per order

<em>Inspection</em>: $ 119,535 / 1,950 inspection-hours = $61.30 per inspection-hour

Overhead Costs:

Assembly: 15.88 per MH *710 MHs = 11,274.80

Processing Orders: $ 47.77 per order * 80 orders = $3,821.60

Inspection: $ 61.30 per IH * 40 IHs = 2,452.00

<em>Sales</em>: (340 * 121.90) = $ 41,446.00

<em>Costs</em>:

 Direct materials (340 * 40.05) = $ 13,617.00

 Direct labor (340 * $ 14.35) = $ 4,879.00

 Assembly $ 11,274.80

 Processing $ 3,821,60

 Inspection $ 2,452.00

 <em>Total of costs</em>: $ 36,044.40

<em>Product Margin</em>:  (Costs - Sales) $ 5,401.60

                             

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