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Munoz Manufacturing Company produced 2,900 units of inventory in January, Year 2. It expects to produce an additional 10,000 units during the remaining 11 months
Munoz Manufacturing Company produced 2,900 units of inventory in January, Year 2. It expects to produce an additional 10,000 units during the remaining 11 months of the year. In other words, total production for year 2 is estimated to be 12,900 units. Direct materials and direct labor costs are $69 and $53 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 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 2,900 units of product made in January. Required A $ Complete this question by entering your answers in the tabs below. Required B 6,600 186,000 131,000 22,000 325,200 Predetermined overhead rate 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.) per unit
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