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Question - Stillicum Corporation makes ultra-light-weight backpacking tents. Data concerning the company's two product lines appear below:
Deluxe
Standard
Direct materials per unit
$50.00
$38.00
Direct labor per unit
$8.00
$6.80
Direct labor-hours per unit
0.70 DLHs
1.40 DLHs
Estimated annual production
10,000 units
50,000 units
The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below:
Estimated total manufacturing overhead - $514,000
Estimated total direct labor-hours - 77,000 DLHs
Required -
1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system.
2. The company is considering replacing its traditional costing system with an activity-based absorption costing system that would have the following three activity cost pools:
Activity Cost Pools and Activity Measures
Estimated Overhead Cost
Expected Activity
Total
Supporting direct labor (direct labor-hours)
$385,000
7,000
70,000
77,000
Batch setups (setups)
78,000
200
100
300
Safety testing (tests)
51,000
30
70
Total manufacturing overhead cost
$514,000
Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system.
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