Chapter 12 Homework i 3 20 points eBook Print References Finch Corporation estimated its overhead costs would be $22,600 per month except for January when it pays the $144,600 annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $167,200 ($144,600 + $22,600). The company expected to use 7,800 direct labor hours per month except during July, August, and September when the company expected 9,600 hours of direct labor each month to build inventories for high demand that normally occurs during the Christmas season. The company's actual direct labor hours were the same as the estimated hours. The company made 3,900 units of product in each month except July, August, and September, in which it produced 4,800 units each month. Direct labor costs were $24.40 per unit, and direct materials costs were $10.90 per unit. Required a. Calculate a predetermined overhead rate based on direct labor hours. b. Determine the total allocated overhead cost for January, March, and August. h c. Determine the cost per unit of product for January, March, and August. d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.90 per unit. Complete this question by entering your answers in the tabs below. Req A Req B to D Calculate a predetermined overhead rate based on direct labor hours. Note: Round your answer to 2 decimal places. Predetermined overhead rate Saved per labor hour

Finch Corporation estimated its overhead costs would be $22.600 per month except for January when it pays the $144.600 annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $167,200 ( $144,600 $22.600 ). The company expected to use 7,800 direct labor hours per month except during July. August, and September when the company expected 9,600 hours of direct labor each month to build inventories for high demand that normally occurs during the Comistmas season. The company's actual direct labor hours were the same as the estimated hours. The company made 3.900 units of product in each month except July, August, and September, in which it produced 4.800 units each month. Direct lobor costs were $24.40 per unit, and direct materials costs were $1090 per unit. Required a. Calculate a predetermined overhead rate based on direct labor hours. b. Determine the total allocated overhead cost for January, March, and August c. Determine the cost pec unit of product for January, March, and August. d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.90 per unit. Complete this question by entering your answers in the tabs below. Calculate a predetermined overtiead rate based on direct labor hours. Note: Round your answer to 2 decimal places. Finch Corporation estimated its overhead costs would be $22,600 per month except for January when it pays the $44,600 annual insurance premium on the manufacturing focility. Accondingly, the Jancary overhead costs were expected to be $1,200 ( $44,600 $22.600. The company expected to use 7,800 direct labor hours per month except during July. August and 5 entember when the company expected 9,600 hours of direct labor each month to build imventories for high demand that normally occurs during the Christras season. The company's actual direct labor hours were the same as the estimated hours. The company made 3.900 units of product in each month except July. August, and September, in which is produced 4,800 units each month. Direct labor costs were $24.40 per unit, and direct materints costs were $1090 per unit. Required a. Calculate a predetermined owerthead rate based on direct labor hours b, Determine the totat allocated overhead cost for January, March, and August. c. Determine the cost per unit of product for January, March, and August d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.90 per unit. Complete this question by entering your answers in the tabs below. b. Determine the total allocated overhesd cost for January, March, and August. c. Determine the cost per unit of product for lanuary, March, and August. d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.90 per unit. Note: Do not round intermediate cakulations, Hound "Cost per unit" and "Selling price per unit" to 2 decimal ploces. Pound vour total allocated overhesd coss to nearest whole dolloc