Illiad Inc. has a total of $2,362,500 in production overhead costs. The company's products and related statistics

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Illiad Inc. has a total of $2,362,500 in production overhead costs. The company's products and related statistics follow.


Illiad Inc. has a total of $2,362,500 in production overhead


Additional data: The 330,000 pounds of material were purchased for $544,500. One direct labor hour costs $12.
a. Assume that Illiad Inc. uses direct labor hours to apply overhead to products. Determine the total cost for each product and the cost per unit.
b. Assume that Illiad Inc. uses machine hours to apply overhead to products. Determine the total cost for each product and the cost per unit.
c. Assume that Illiad Inc. uses the following activity centers, cost drivers, and costs to apply overhead to products:

Illiad Inc. has a total of $2,362,500 in production overhead


Determine the total cost for each product and the cost perunit.

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Related Book For  book-img-for-question

Cost Accounting Foundations and Evolutions

ISBN: 978-1111626822

8th Edition

Authors: Michael R. Kinney, Cecily A. Raiborn

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