Mickley Company's plantwide predetermined overhead rate is $21.00 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 290 $ 120 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 30 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) | 1. Total manufacturing cost 2. Unit product cost per unit Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning of the year, it estimated that 25,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $566,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per direct labor-hour. Harris's actual manufacturing overhead cost for the year was $672,945 and its actual total direct labor was 25,500 hours. Required: Compute the company's plantwide predetermined overhead rate for the year. (Round your answer to 2 decimal places.) Predetermined overhead rate per DLH Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below: Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production Deluxe $69.00 $ 27.00 0.70 DLHS Standard $ 57.00 $ 22.00 1.40 DLHS 10,000 units 50,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: $667,000 Estimated total manufacturing overhead Estimated total direct labor- hours 77,000 DLHS Required: 1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based absorption costing system that would have the following three activity cost pools: Expected Activity Estimated Activity Cost Pools and Activity Overhead Measures Cost Deluxe Standard Total Supporting direct labor (direct $462,000 7,000 70,000 77,000 labor-hours) Batch setups (setups) 135,000 200 100 300 Safety testing (tests) 70,000 30 70 100 Total manufacturing overhead cost $667,000 Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. Complete this question by entering your answers in the tabs below. Required Required 1 Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Deluxe Standard Unit product cost Stillicum Corporation makes ultra light-weight backpacking tents. Data concerning the company's two product lines appear below: Direct materials per unit Direct labor per unit Direct labor-hours per unit Estimated annual production Deluxe Standard $69.00 $ 57.00 $ 27.00 $ 22.00 0.70 DLHS 1.40 DLHs 10,000 units 50,000 units The company has a traditional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: $667,000 Estimated total manufacturing overhead Estimated total direct labor- hours 77,000 DLHS Required: 1. Determine the unit product costs of the Deluxe and Standard products under the company's traditional costing system. 2. The company is considering replacing its traditional costing system with an activity-based absorption costing system that would have the following three activity cost pools: Expected Activity Estimated Activity Cost Pools and Activity Overhead Measures Cost Deluxe Standard Total Supporting direct labor (direct labor-hours) $462,000 7,000 70,000 77,000 Batch setups (setups) 135,000 200 100 300 Safety testing (tests) 70,000 30 70 100 Total manufacturing overhead cost $667,000 Determine the unit product costs of the Deluxe and Standard products under the activity-based absorption costing system. Complete this question by entering your answers in the tabs below. Required Required Determine the unit product costs of the Deluxe and Standard products under the activity- based absorption costing system. (Round your intermediate calculations and final answers to 2 decimal places.) Show less Deluxe Standard Unit product cost
