Explanation please. CoursHeroTranscribedText: Problem 6-61 (Algo) Account Analysis, Two-Stage Allocation, and Product Costing (LO...

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Accounting

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CoursHeroTranscribedText: Problem 6-61 (Algo) Account Analysis, Two-Stage Allocation, and Product Costing (LO 6-2, 4, 5) Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1, 360 420 1, 780 Machine-hours 3, 900 2, 100 6, 000 Direct labor-hours 3, 100 2, 300 5, 400 Direct materials costs $17, 000 $ 4, 750 $ 21, 750 Direct labor costs 63, 500 51, 500 115, 000 Manufacturing overhead costs 206, 625 Total costs $343, 375 Tiger Furnishings's CFO believes that a two-stage cost allocation system would give managers better cost information. She asks the company's cost accountant to analyze the accounts and assign overhead costs to two pools: overhead related to direct labor cost and overhead related to machine-hours. The analysis of overhead accounts by the cost accountant follows: Overhead Manufacturing Overhead Estimate Cost Pool Assignment Utilities $ 1, 700 Machine-hour related Supplies 4, 800 Direct labor cost related Training 9, 600 Direct labor cost related Supervision 22, 800 Direct labor cost related Machine depreciation 25, 000 Machine-hour related Plant depreciation 33, 300 Machine-hour related Miscellaneous 109, 425 Direct labor cost related Required: b. Compute the product costs per unit assuming that Tiger Furnishings uses direct labor costs and machine-hours to allocate overhead to the products. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Basic Dominator Total Product Costing Direct material Direct labor Overhead Machine-related Labor-related Total overhead $ 0 $ 0 $ Total cost $ 0 $ 0 $ Units produced Unit cost

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