Hi! I If you could help me on part 1 with the “Inspecting and Finishing part” with the calculations, that would be great. I thought I would multiply from the “Assembly” with the 15% that was given and so on. I showed all my work that I have so far. If You could also do part 2 with the calculations for “Inspecting” as well, that would help a lot. Thank you for your time.
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 EEl is as follows: Factory Costs Salaries S 856,000 156,000 556,000 Supplies Factory expense $1,568,000 EEI 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. EEl has four activities: job setup, assembly, inspecting and finishing, and packaging. Inspecting and Finishing Packaging Total Setup 20% Assembly 60 Salaries 5% 100% 15% Supplies Factory expense 60 100 25 15 90 100 10 The activity cost drivers for the two products are summarized below. Activities Activity Driver Batch Setup Assembly Inspect and finishing Packaging Units Finishing hours Packing hours Safe-V Safe-T Batches 310 660 Units 66,000 0.30 78,000 Finishing hours, per unit Packaging hours, per unit Materials per unit 0.20 0.20 0.10 4.00 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 amount of the cost pool for each of the four activities. Inspecting Factory Costs Setup Assembly Packaging Finishing 856,000 $ 513,600 $ 77,040 $ Salaries 171,200 42,800 14,040 x 156,000 $ 39,000 $ 93,600 $ Supplies 0$ $1,107,600 0 Factory expense 500,400 556,000 50,040 $ 210,200 $ 1,568,000 141,120 42,800 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-driver rates for assigning factory costs to the two products. (Round your answers to 2 decimal places.) Activity- Driver Rates Setup 216.70 Assembly 7.69 3.99X Inspect and Finish Packaging 2.04 Part factony Costs Sal ratyg Setup Assembly /InS PECtag S000 & So000 S13600 O Pa 9 Supples X . 712 00 Sk, bo o 2&00 17040 1540 60 IS6000 9 3600 35000 93600 4040 Fact Cxp 554000 X CT S00400 S0040 total 1S08060 2i0206 Llo7000 14|20 42R00 part A chnty Setup ra tes 2/0200 /( 310 tbo) 216 70 ASembly Inspechag PAsing 10700/(6 le oo0 t 78 U00 7.09 1 41120/( lo00 x,3) +17YO00X2) 3,99 42800/( 000 x, 2) + (78000 x,1S a.b4