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Chapter 2 Unit Praduat Cossing Question ( 2 0 points ) Galactic Corporation Fioed Manulacturing Overhead Cost table [ [ table [ [
Chapter Unit Praduat Cossing Question points
Galactic Corporation
Fioed Manulacturing Overhead Cost
tabletableEstimated Total Machine Houns Activityx Variable Manulacturing Ovetheas Cost per MortableMachineHoursper MachineHour Variable Manutacturing Overtead Cost,sTotal Merslacturing Overhead Cose,s$Divided by Estimated Total Machine Hours Activity,ActivityPlantwide Predetermined Overhead Rate,roivOIper MachineHourb Total Mentacturing Direct Materials,,Direct Laber,,Applied Manufacturing Overtead,morvMachineHoursTotal Manvisacturing Cost,EONOI Unit Product Cost,tableroivfolper unitunits
Job Selling Price
Unit Produet cose
Mariap Cost
Unit Selling Price Cost x Markup
Given: Galactic Corporation uses machinehours to determine its plantwide predetermined overhead rate for its joborder costing system. At the beginning of the year, the company made the following estimates:
Machinehours required to support estimated production:
Fixed Manufacturing Overhead Cost: $
Variable Manufacturing Overhead Cost per MachineHour $
Required
The plantwise predetermined overhead rate must be computed first. Use either the template to the left or a separate paper or file
During the year, Job was started and completed. The following information was gathered for this job:
Direct Materisls $
Direct Labor $
MachineHours Used
Compute the total manufacturing cost assigned to Job Use either the template to the left or a separate paper or file
If Job includes units, What is the unit product cost for this job? Use either the template to the left or a separate paper or file.
If Galactic uses a markup percentage of of its unit product cost, then what selling price per unit would it have established for Job Use either the template to the left or a separate paper or file.
If Galactic asked you to analyze its pricing approach, what would you say? Answer below or on a separate file or screenshot of a sheet of paper.
If Galactic asked you to andyze its pricing approach, what would you say?
Answer below or on a separate file or screenshot of a sheet of paper.
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