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Highway 1 Manufacturing ( H 1 M ) produces several, related products in multiple factories. At one facility, which produces only a single product, managers

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Highway 1 Manufacturing (H1M) produces several, related products in multiple factories. At one facility, which produces only a single
product, managers are debating whether to use a predetermined rate calculated on a monthly or annual basis. Overhead is applied on
the basis of direct labor-hours at H1M.
Manufacturing data on the product follow:
Managers at H1M have estimated monthly production for the coming year according to the following schedule:
Required:
Prepare the data analysis of product costs using monthly or annual predetermined rates for Highway 1 Manufacturing. Assume that
estimated values are realized.
Note: Do not round intermediate calculations. Round "Reported Unit Cost" answers to 2 decimal places. Round "Predetermined
Overhead Rate (Monthly)" answers to the nearest whole number.
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