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Using ABC to compute product costs per unit
Jaunkas, Corp., manufactures mid-fi and hi-fi stereo receivers. The following data have been summarized:
Mid-Fi
Hi-Fi
Direct materials cost per unit
$ 400
$ 1,300
Direct labor cost per unit
400
300
Indirect manufacturing cost per unit
?
Indirect manufacturing cost information includes the following:
Activity
Allocation Rate
Setup
$1,700/per setup
39 setups
Inspections
$ 400/per hour
45 hours
15 hours
Machine maintenance
$ 10/per machine hour
1,900 machine hours
1,200 machine hours
The company plans to manufacture 200 units of the mid-fi receivers and 250 units of the hi-fi receivers.
Requirement
1. Calculate the product cost per unit for both products using activity-based costing.
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