Question
National Inc. manufactures two models of CMD that can be used as cell phones, MPX, and...
National Inc. manufactures two models of CMD that can be used as cell phones, MPX, and digital camcorders. Model High F Great P Annual Sales in Units 10,300 16,300 National uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows: Direct materials Direct labor High F $38.30 $17.90 Great P $25.70 $13.50 Budget factory overhead: Engineering and Design Quality Control Machinery Miscellaneous Overhead Total 2,460 engineering hours 12,890 inspection hours 33,770 machine hours 26,450 direct labor hours $ 418, 200 308,880 506,250 132,150 $1,365,480 National's controller had been researching activity-based costing and decided to switch to it. A special study determined National's two products have the following budgeted activities:
Engineering and design hours Quality control inspection hours Machine hours Labor hours High F Great P 990 1,470 5,670 7,220 20,310 13,460 12,030 14,420 Using activity-based costing, total overhead per unit of Great P model is: (Rounded to the nearest cent.)
Multiple Choice $64.93. $45.58. $60.44. $170.00. $42.74.
Answers
Solution:
The correct answer is $42.74
Explanation:
Total Overhead Cost of Great P model Activity Rate Cost Eng. Hours and 1,470 $170 $249,900 Design Hours Inspection Hours 7,220 $24 $173,011 Machine Hours 13,460 $15 $201,780 Direct labor Hours 14,420 $5 $72,045 Total $696,737 Total Overhead Per unit of Great P model Total overhead Cost/ Total Units $696,737/16,300 $42.74
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