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4- Done $210,000 120, 60, Week 2: Homework O a ezto.mheducation.com Saved Help View previous attempt Save & Exit Submit You received partial credit in the previous attempt. Check my work job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Qua rter 10 points eBook print References Graw Hill Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units to be produced (b) First $280, 160, 230, $670, ooo 80,000 Second $140, ooo 80,000 206, ooo $426, ooo 40, 000 $ 10.65 Third $ 70,000 , 000 194,000 $304, ooo 20,000 $ 15.20 Fourth Estimated unit product cost (a) 8.38 Management finds the variation in quarterly unit product costs to be confusing and difficult to work with. It has been suggested that the problem lies with manufacturing overhead because it is the largest element of total manufacturing cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product. Required: 1. Assuming the estimated variable manufacturing overhead cost per unit is $0.60, what must be the estimated total fixed manufacturing overhead cost per quarter? 2. Assuming the assumptions about cost behavior from the first three quarters hold constant, what is the estimated unit product cost for the fourth quarter? 3. What is causing the estimated unit product cost to fluctuate from one quarter to the next? 4. Assuming the company computes one predetermined overhead rate for the year rather than computing quarterly overhead rates, calculate the unit product cost for all units produced during the year. Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 1 Required 2 Assuming the estimated variable manufacturing overhead cost per unit is $0.60, what must be the estimated total fixed manufacturing overhead cost per quarter? Fixed manufacturing overhead cost Required 2 prev 2 Next