Job Costing Time Period Used to compute Indirect Cost Rates Capitola Manufacturing produces surfboards. The company uses a normal-costing system and allocates manufacturing overhead on the basis of direct manufacturing labor-hours. Most of the company's production and sales occur in the first and second quarters of the year. The company is in danger of losing one of its larger customers, Pacific Wholesale, due to large fluctuations in price. The owner of Capitola has requested an analysis of the manufacturing cost per unit in the second and third quarters. You have been provided the following budgeted information for the coming year: Quarter 2 3 400 100 1 500 4 Surfboards manufactured and sold 250 Additonal information: Direct manufacturing labor hours 2 hours per board Actual direct material cost $65 per board Actual direct manufacturing labor rate $20 per hour Budgeted variable manufacturing overhead $16 per direct manufacturing labor-hour Budgeted fixed manufacturing overhead $20,000 per quarter 1. Calculate the total manufacturing cost per unit for the second and third quarter assuming the company allocates manufacturing overhead costs based on the budgeted manufacturing overhead rate determined for each quarter. (Always use cell references and formulas where appropriate to receive full credit. Cell references and formulas should be based on the original data. If you copy/paste from the Instruction tab you will be marked wrong.) 2nd Quarter 3rd Quarter Total manufacturing costs Manufacturing cost per board 2. Calculate the total manufacturing cost per unit for the second and third quarter assuming the company allocates manufacturing overhead costs based on an annual budgeted manufacturing overhead rate. (Always use cell references and formulas where appropriate to receive full credit. Cell references and formulas should be based on the original data. If you copy/paste from the Instruction tab you will be marked wrong.) 2nd Quarter 3rd Quarter Total manufacturing costs Manufacturing cost per board