Problem:   Klumper Corporation is a diversified manufacturer of industrial goods. The

Question

Problem:

 

Klumper Corporation is a diversified manufacturer of industrial goods. The company's activity-based costing system contains the following six activity cost pools and activity rates:

Activity Cost Pool Activity Rates
Labor related $ 6.00 per direct labor-hour
Machine related $ 4.00 per machine-hour
Machine setups $ 50.00 per setup
Production orders $ 90.00 per order
Shipments $ 14.00 per shipment
General factory $ 9.00 per direct labor-hour

Cost and activity data have been supplied for the following products:

                                                                        K425                M67
Direct materials cost per unit                            $13.00           $ 56.00
Direct labor cost per unit                                  $5.60             $3.50
Number of units produced per year                   200                 2,000

Total Expected Activity
                                                                       K425                  M67
Direct labor-hours                                             80                     500
Machine-hours                                                  100                   1,500
Machine setups                                                  1                         4
Production orders                                              1                         4
Shipments                                                         1                        10

Required:
Compute the unit product cost of each product listed above.

K425______ M67________

 

How do I do this problem? First person to show me how to do this correctly will be awarded lifesaver points.

Attempt:
I thought the problem was done like this for product K425:

Activity & Activities Rates                               Total Expected Activity  =   Amount
Labor related @ $6.00/DLH                X                       80 DLH                   $480.00
Machine related @ $4.00/MH             X                      100                          $400.00
Machine Setups @ $50.00/setup        X                         1                            $50.00
Production Orders @ $90.00/order    X                         1                            $90.00
Shipments @ $14.00/shipment          X                         1                            $14.00
General Factory @ $9.00/DLH           X
Total overhead costs (a)                                                                          $1,034
Number of Units Produced (b)                                                                    200
Overhead Cost Per Unit (a) / (b)                                                               $5.17

Unit Product Cost for product K425:
Direct Materials cost per unit                $13.00
Direct Labor cost per unit                     $ 5.60
Manufacturing Overhead                       $ 5.17
Unit Product Cost                                  $23.77

What did I do wrong?

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