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1a- Using the high low method, estimate the fixed manufacturing overhead cost per quarter and the variable manufacturing overhead cost per unit. 1b- compute the

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1a- Using the high low method, estimate the fixed manufacturing overhead cost per quarter and the variable manufacturing overhead cost per unit.
1b- compute the total manufacturing cost and the unit product cost for the fourth quarter
3- estimate the total manufacturing overhead cost for the year and an annual predetermined overhead rate.
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes predetermined overhead rates on a quarterty basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter Direct materials Direct labor Manufacturing overhead First Second Third Fourth $240,000 $120,000 $ 60,000 $180,000 120,00060,00030,000 90,000 220,000 196,000 184,000 Total manufacturing costs (a) $580,000 $376,000 $274,000S2 Number of units to be produced (b) Estimated unit product cost (a b) 120,00060,000 30,000 90,000 S 4.83 S 6.27 $ 9.13 $ Management finds the variation in quarterly unit product costs to be confusing and difficult to work with. It has been suggested that the problem lies with manufacturing overhead because it is the largest element of total manufacturing cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product Required: 1-a. Using the high-low method, estimate the fixed manufacturing overhead cost per quarter and the variable manufacturing overhead cost per unit. (Round the "Variable manufacturing overhead per unit" to 2 decimal places.)

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