Mike - $79,000 $104,000 $180,000 $363,000 Direct material...

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Part I Part A Estimated overhead $278,400 Insurance premium $118,920 Total overhead $397,320 Direct labour hour 85,200 Additional labor hours 7,200 Total hours 92,400 Estimated overhead per hour 4.30 Part B Total units manufactured 46,200 Hour per unit 2 Manufacturing overhead per unit $8.60 Raw material per unit $11.60 Direct labor per unit $24.80 Product cost per unit $45.00 Units manufactured during 11,850 Jan, Mar and Aug Total product cost $533,250 Part C Cost per unit $45 Part D Cost per unit $45.00 Desired margin per unit $20.30 Selling price $65.30 Part II Standard batch 300,000 Cost of standard batch $2,400,000 Product Production Selling price Sale value B7 70,000 $6 $420,000 K6 150,000 $10 $1,500,000 X9 80,000 $16 $1,280,000 Total 300,000 $3,200,000 Part A Product Joint cost allocation B7 $560,000 K6 $1,200,000 X9 $640,000 Part B Product joint cost allocation B7 $315,000 K6 $1,125,000 X9 $960,000 Part III Home 1 Home 2 Home 3 Total Direct labor
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Unformatted text preview: $79,000 $104,000 $180,000 $363,000 Direct material $96,000 $137,000 $183,000 $416,000 Employee fringe benefit $61,710 Indirect material $29,120 Allocation Home 1 Home 2 Home 3 Employee fringe benefit $13,430 $17,680 $30,600 Indirect material $6,720 $9,590 $12,810 Part IV Category Cost Unit 739500 Batch 526500 Product 210000 Facility 498000 Total cost 1974000 Direct labour hour 18800 Overhead per direct labor hour 105 Part A Product Commercial Home Miniature Direct material cost $36.00 $23.90 $30.00 Direct labor cost $5.68 $3.79 $3.68 Manufacturing overhead $42.00 $28.00 $21.00 Cost per unit $83.68 $55.69 $54.68 Units manufactured 13000 42000 12000 Total cost $1,087,840 $2,338,840 $656,160 Part B Employee fringe benefit should be allocated on the basis of direct labor and indirect material should be allocated on the basis of direct material...
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This note was uploaded on 12/04/2011 for the course ECONOMICS 201 taught by Professor Rcollier during the Spring '10 term at Portland CC.

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