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Munoz Manufacturing Company produced 1,600 units of inventory in January, Year 2. It expects to produce an additional 10,400 units during the remaining 11 months
Munoz Manufacturing Company produced 1,600 units of inventory in January, Year 2. It expects to produce an additional 10,400 units during the remaining 11 months of the year. In other words, total production for year 2 is estimated to be 12,000 units. Direct materials and direct labor costs are $76 and $63 per unit, respectively. Munoz expects to incur the following manufacturing overhead costs during the year 2 accounting period. Production supplies Supervisor salary Depreciation on equipment Utilities Rental fee on manufacturing facilities $ 6,300 187,000 139,000 35,000 268,700 Required a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. b. Determine the cost of the 1600 units of product made in January. a Complete this question by entering your answers in the tabs below. Required A Required B Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. (Round your answer to 2 decimal places.) Predetermined overhead rate per unit Required A Required B > Munoz Manufacturing Company produced 1,600 units of inventory in January, Year 2. It expects to produce an additional 10,400 units during the remaining 11 months of the year. In other words, total production for year 2 is estimated to be 12,000 units. Direct materials and direct labor costs are $76 and $63 per unit, respectively. Munoz expects to incur the following manufacturing overhead costs during the year 2 accounting period. Production supplies Supervisor salary Depreciation on equipment Utilities Rental fee on manufacturing facilities $ 6,300 187,000 139,000 35,000 268, 700 Required a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. b. Determine the cost of the 1,600 units of product made in January Complete this question by entering your answers in the tabs below. Required A Required B Determine the cost of the 1,600 units of product made in January. Allocated Cost Indirect overhead costs Direct materials Direct labor Total $ 0
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