Parker Company produces mathematical and financial calculators. Data related to the two products are presented here.

Total manufacturing overhead costs are:
Total
Machining costs $375,000
Setup costs 120,000
Inspection costs 105,000

Required
1. Compute the manufacturing overhead cost per unit for each product.
2. Compute the manufacturing cost per unit for each product.

Transcribed Image Text:

Mathematical Financial Annual production in units Direct material costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Number of production runs Inspection hours 50,000 S150,000 50,000 2,500 25,000 50 1,000 100,000 $300,000 $100,000 5,000 50,000 50 500