Direct labor cost per hour Direct labor hours per case Total cases produced Labor hours per product Allocation rate per labor-hour: Allocated Production Costs: Material cost per case Direct labor cost per case Allocated overhead per case Product cost $ 0.00 Gross profit margins: Selling price Product cost-direct labor allocation base $ 0.00 Profit margin percentage 0 % Product costs Labor-hours per case Total cases produced Material cost per case Direct labor cost per case Labor-hours per product Total overhead = $78,000 Total labor-hours = 14,400 Direct labor costs per hour = $6.00 Allocation rate per labor-hour = (a). Costs of products Material cost per case Direct labor cost per case Allocated overhead per case (to be computed) Product cost Almond Krispy Creamy Dream Krackle Crunch 8.7 4.7 1,000 1,000 $ 9.70 $ 52.20 $ 28.20 8,700 4,700 $ 3.70 1.0 1,000 $ 10.20 $ 6.00 1,000 $ 9.70 $ 3.70 $ 10.20 52.20 28.20 6.00 (b) (c) (d) (e) (f) (g) Direct labor cost per hour Direct labor-hours per case Total cases produced Labor-hours per product Allocation rate per labor-hour: Allocated production costs: Material cost per case Direct labor cost per case Allocated overhead per case Product cost Gross profit margins: Selling price Product cost-direct labor allocation base Profit margin percentage $ 0.00 $ 0.00 0.00 0.00 0 % 0% Almond Dream Krispy Krackle Creamy Crunch Product costs: Labor-hours per case Total cases produced Material cost per case Direct labor cost per case Labor-hours per product 8.70 4.70 1.00 1,000 1,000 1,000 $ 9.70 $ 3.70 $ 10.20 $ 52.20 $ 28.20 $ 6.00 8,700 4,700 1,000 Total overhead $ 78,000 Total labor-hours 14,400 Direct labor costs per hour $ 6.00 Allocation rate per labor-hour Costs of products: Material cost per case Direct labor cost per case $ 9.70 3.70 $ 10.20 52.20 28.20 6.00 Allocated overhead per case Product cost $ 61.90 31.90 $ 16.20 Selling price Gross profit margin percentage % % %