Attempt part A, B and C

(A) The forming Department of the ABC Company employs six workers on an 8-hour shift at $12.50 per hour. Factory overhead is $120 per hour. Production for the second week of June shows, Monday, 460 units, Tuesday, 475 units, Wednesday, 492units, Thursday, 500 units and Friday, 510 units. The company has recently installed a group 100-percent bonus system with a standard production for the group of 60 units per hour. The bonus is computed for each day. The controller asks that any analysis of the week's production costs.

Required:

I need a schedule showing earnings in the department the unit labor cost the unit

overhead cost the total cost per unit (Round unit costs to three decimal places)

(B) Normal annual capacity for the MN Company is 36,000 machine hours, with fixed

overhead budgeted as 16,920 and an estimated variable factory overhead rate of $2.10

per hour. During October, actual production required 2,700 machine hours, with a total

factory overhead of $7,400.

Required: Compute (1) The applied factory overhead and (2) the over-or under applied

amount for October

(C) Define process costing, discuss normal and abnormal loss?