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1. Golden, Inc., has identified the following overhead costs and activity drivers for next year: The company's normal activity is 20,000 direct labor hours. The

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1. Golden, Inc., has identified the following overhead costs and activity drivers for next year: The company's normal activity is 20,000 direct labor hours. The following are the two product models completed during the year: Required: ( 30 points) A) Determine the unit cost for Model QQ using direct labor hours to apply overhead. B) Determine the unit cost for each job using the four activity drivers. C) If 40 units of Model TT were sold for $1,600, what was the mark-up percentage on cost for those units? D) Evaluate the differences between using direct labor hours and the activity drivers to apply overhead for Model QQ. 2. Matriarch Incorporated uses a job-order costing system and a predetermined overhead rate based on machine hours. At the beginning of the year, the company estimated manufacturing overhead for the year would be $240,000 and machine hours would be 8,000 . The following information pertains to November of the current year: Jobs 10 and 12 were completed by the end of November. Actual manufacturing overhead cost incurred in November was $61,000. Required: (20 points) A) Determine the total cost associated with job 10. B) Assuming no beginning finished goods, what is the cost assigned to ending finished goods inventory on November 30 ? C) How much overhead was over- or underapplied in November? 3. Healthway uses a process costing system to compute the unit costs of the minerals that its produces. It has three departments: Picking, Encapsulating, and Bottling. In Picking, the ingredients for the minerals are measured, sifted, and blended together. The mix is transferred out in gallon containers. The Encapsulating Department takes the powdered mix and places it in capsules. One gallon of powdered mix converts into 1,600 capsules. After the capsules are filled and polished, they are transferred to bottling where they are placed in bottles, which are then affixed with a safety seal and a lid and labeled. Each bottle receives fifty capsules. During July, the following results are available for the first two departments (materials are added at the beginning in both departments): The Picking department uses the weight-average process costing method, while Encapsulating uses the FIFO method. Required Determine the following for March 2023: (30 points) A) Units started in Picking department B) Cost of abnormal spoilage in Picking department C) Cost of units transferred out in Picking department D) Equivalent units of conversion costs in the Encapsulating department

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