Hi, I just need help on the 3rd part. I have included my scratch sheet...
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Hi, I just need help on the 3rd part. I have included my scratch sheet on how I got my answers. I was able to check them and know that the first two parts are right. I'm not sure where in the 3rd part I got wrong and this is my last try. Thanks for your help!
EyeGuard Equipment Inc. (EEI) manufactures protective eyewear for use in commercial and home applications. The product is also used by hunters, home woodworking hobbyists, and in other applications. The firm has two main product lines-the highest quality product is called Safe-T, and a low-cost, value version is called Safe-V. Information on the factory conversion costs for EEI is as follows: Salaries Factory Costa $ 856,000 156.000 556,000 $1,568,000 Factory expense EEl uses ABC to determine the unit costs of its products. The firm uses resource consumption cost drivers based on rough estimates of the amount that each activity consumes, as shown below. EEI has four activities: job setup, assembly, inspecting and finishing, and packaging Inspeeting and Finishing Packaging Total Setup 204 25 Assembly 60% 60 90 Salaries Supplies Factory expense 150 58 2009 100 15 100 The activity cost drivers for the two products are summarized below. Activities Setup Assembly Inspect and finishing Packaging Activity Driver Batch Units Finishing hours Packing hours Batches Units Finishing hours, per unit Packaging hours, per unit Materials per unit Safe-V 310 66,000 0.30 0.20 $ 4.00 Safe-T 660 78,000 0.20 0.10 $ 5 Required: 1. Determine the amount of the cost pool for each of the four activities. 2. Determine the activity-driver rates for assigning factory costs to the two products, 3. Determine the activity-based unit cost for each of the products. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the activity-based unit cost for each of the products. (Round your intermediate calculations and final answers to 2 decimal places.) Safe-V 33.79 $ Safe-T 49.25 Activity-based cost per unit $
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