Homework Help Question & Answers

# Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows:

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work \$ 38 \$ 67 16 39 350 574 670 units 450 units Harbour has monthly overhead of \$189,660, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 82,840 59, 220 47,600 \$189,660 The company has also compiled the following information about the chosen cost drivers: Home Number of setups 37 Number of inspections 330 Number of machine hours 1,200 Work Total 72 109 375 705 1,600 2,800 Required: 1. Suppose Harbour uses a traditional costing system with machine hours as the cost driver. Determine the amount of overhead assigned to each product line. (Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) Overhead Assigned \$ 81.283 Home Model: Work Model: \$ 108,337 Total Overhead Cost \$ 189,620
2. Calculate the production cost per unit for each of Harbour's products under a traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost 3. Calculate Harbour's gross margin per unit for each product under the traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Gross Margin 4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Harbour wanted to implement an ABC system. Setup Costs Quality Control Maintenance
5. Assuming an ABC system, assign overhead costs to each product based on activity demands. Overhead Assigned To Home Overhead Assigned To Work Setup Costs Quality Control Maintenance Total Overhead Cost \$ 0 \$ 0 6. Calculate the production cost per unit for each of Harbour's products in an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Unit Cost
7. Calculate Harbour's gross margin per unit for each product under an ABC system. (Round your intermediate calculations and final answers to 2 decimal places.) Home Work Gross Margin 8. Compare the gross margin of each product under the traditional system and ABC. (Round your answers to 2 decimal places.) Home Work Gross Margin (Traditional) Gross Margin (ABC)

#### Homework Answers

Answer

This Homework Help Question: "Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information..." No answers yet.

Request Answer

#### Request answer!

We need 10 more requests to produce the answer to this homework help question. Share with your friends to get the answer faster!

0 /10 have requested the answer to this homework help question.

Once 10 people have made a request, the answer to this question will be available in 1-2 days.
All students who have requested the answer will be notified once they are available.
Know the answer?
##### Add Answer of: Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...
Your Answer: Your Name: What's your source?
Similar Homework Help Questions
• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Home \$ 45 Work \$ 70 18 Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month 363 566 700 units 440 units points Harbour has monthly overhead of \$184,040, which is divided into the following cost pools: eBook Setup costs Quality control Maintenance Total \$ 79,790 59,450 44,800 \$184,040 Print References The company has...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work \$ 44 \$ 63 20 32 365 572 660 units 440 units Harbour has monthly overhead of \$197,765, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 82,400 62,565 52,800 \$ 197,765 The company has also compiled...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work \$ 40 \$ 70 20 32 360574 650 units 320 units Harbour has monthly overhead of \$173,730, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 83, 740 56,990 33,000 \$173,730 The company has also compiled the...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Home Work \$ 37 \$ 71 15 363 578 620 units 470 units Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month 37 Harbour has monthly overhead of \$186,180, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 86,920 55,760 43,500 \$186, 180 The company has also compiled...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Work Home \$ 45 Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month 370 750 units 380 units Harbour has monthly overhead of \$195,020, which is divided into the following cost pools: Setup costs Quality control Maintenance Total 78.960 60,960 55,100 195,020 \$ The company has also compiled the following information about the chosen...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production Information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production Information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work \$ 40 \$ 71 20 360 582 670 units 430 units Harbour has monthly overhead of \$173,925, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 80,850 55, 675 37, 400 \$173.925 The company has also compiled...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work \$ 35 \$ 71 39 573 690 units 470 units 22 365 Harbour has monthly overhead of \$196,120, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 77,900 57,420 60,800 \$196, 120 The company has also compiled...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work \$ 43 \$ 68 22 40 369567 630 units 420 units Harbour has monthly overhead of \$209,850, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 91,300 62,550 56,000 \$209,850 The company has also compiled the following...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work \$ 35 \$ 67 21 39 351 568 740 units 470 units Harbour has monthly overhead of \$184,250, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 87,980 54,270 42,000 \$184,250 The company has also compiled the...

• ### Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information...

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production information follows: Direct materials cost per unit Direct labor cost per unit Sales price per unit Expected production per month Home Work \$ 38 \$ 66 25 30 571 700 units 450 units 370 Harbour has monthly overhead of \$205,440, which is divided into the following cost pools: Setup costs Quality control Maintenance Total \$ 89,040 58,800 57,600 \$ 205,440 The company has also compiled...

Free Homework App

Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?

Get Answers For Free
Most questions answered within 3 hours.
Share Your Knowledge

Self-promotion: Authors have the chance of a link back to their own personal blogs or social media profile pages.