ABC, Process Costing (35 points). Jasper Company produces two type of bikes - regular and...
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ABC, Process Costing (35 points). Jasper Company produces two type of bikes - regular and electric - and operate at capacity. The following data pertain to the two products. Annual production (units) Direct material costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Number of production runs Inspection hours Regular Bike 6,000 2,400,000 1,320,000 33,000 18,000 60 1,500 Electric Bike 2,000 1,000,000 520,000 13,000 18,000 100 500 Total manufacturing overhead costs are as follows: Machining costs 4,500,000 Setup costs 1,560,000 Inspections costs 1,300,000 Answer the following questions assuming the company is using a company-wide overhead rate based on direct labor costs: a. The company-wide overhead rate is: b. The amount of total manufacturing overhead allocated to the regular bikes is: C. The amount of total manufacturing overhead allocated to the electric bikes is: d. The amount of allocated manufacturing overhead per regular bike is: e. The amount of allocated manufacturing overhead per electric bike is:_ f. The product cost per regular bike is: g. The product cost per electric bike is
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