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Harrison Company makes two products and uses a conventional costing system in which a single plant-wide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow:Rascon ParcelDirect materials cost per unit $ 13.50 $ 22.40Direct labor cost per unit $ 6.80 $ 3.10Direct labor-hours per unit 0.46 0.28Number of units produced 16,000 72,000These products are customized to some degree for specific customers.Requirement 1:The company's manufacturing overhead costs for the year are expected to be $671,488. Using the-company's conventional costing system, compute the unit product costs for the two products. (Do not round intermediate calculation. Round your final answers to 2 decimal places. Omit the "$" sign in your response.)Rascon ParcelUnit product cost $ $Requirement 2:Management is considering an activity-based costing system in which half of the overhead would continue to be allocated on the basis of direct labor-hours and half would be allocated on the basis of engineering design time. This time is expected to be distributed as follows during the upcoming year:Rascon Parcel TotalEngineering design time (in hours) 3,400 2,500 5,900Compute the unit product costs for the two products using the proposed ABC system. (Do not round intermediate calculation. Round your final answers to 2 decimal places. Omit the "$" sign in your response.)Rascon ParcelUnit product cost $ $
Example on Intangible assets and the benefits are expected to last six years.
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Gilberto Company currently manufactures one of its crucial pars at a cost of $4.45 per unit. This cost is based on a normal production rate of 65,000 units per year. Variable costs are $1.95 per unit, fixed costs related to making the part are $65..
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