Assignment Chapters 8, 9, and 13 Saved Help Save & Exit Submit Check my work 00 8 Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant produces the company's two versions of a special reel used for river fishing. The two models are the M-008, a basic reel, and the M-123, a new and improved version. Cost accountants at company headquarters have prepared costs for the two reels for the most recent period. The plant manager is concerned. The cost report does not coincide with her intuition about the relative costs of the two models. She has asked you to review the cost accounting and help her prepare a response to headquarters. 5 points Skipped Manufacturing overhead is currently assigned to products based on their direct labor costs. For the most recent month, manufacturing overhead was $252,000. During that time, the company produced 10,500 units of the M-008 and 2,100 units of the M-123. The direct costs of production were as follows. eBook References Direct materials Direct labor M-008 M-123 $ 84,000 $ 84,000 84,000 42,000 Total $168,000 126,000 Management determined that overhead costs are caused by three cost drivers. These drivers and their costs for last year were as follows. M-808 Cost Driver Number of machine-hours Number of production runs Number of inspections Total overhead Costs $ 87,000 70,000 95,000 $252,000 Activity Level M-123 Total 8,000 2,000 10,000 10 30 40 15 35 50 Required: Assignment Chapters 8, 9, and 13 Saved Help Save & Exit Submit Check my work 8 Cost Driver Number of machine-hours Number of production runs Number of inspections Total overhead Costs $ 87,000 70,000 95,000 $252,000 Activity Level M-008 M-123 Total 8,000 2,000 10,000 10 30 40 15 35 50 5 points Skipped Required: a. How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? b. How much of the overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product? eBook References Complete this question by entering your answers in the tabs below. Required A Required B How much overhead will be assigned to each product if these three cost drivers are used to allocate overhead? What is the total cost per unit produced for each product? (Round "Total unit cost" to 2 decimal places.) M-008 M-123 Total overhead Total unit cost Assignment Chapters 8, 9, and 13 Saved Help Save & Exit Submit Check my work 00 8 total cost per unit produced for each product? b. How much of the overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product? 5 points Complete this question by entering your answers in the tabs below. Skipped Required A Required B eBook How much of the overhead will be assigned to each product if direct labor cost is used to allocate overhead? What is the total cost per unit produced for each product? (Round "Total unit cost" to 2 decimal places.) References M-008 M-123 Total overhead Total unit cost