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Parr Corporation makes three products, X, Y, and Z. Expected overhead costs for the coming year include: Depreciation on factory building Factory utility costs

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Parr Corporation makes three products, X, Y, and Z. Expected overhead costs for the coming year include: Depreciation on factory building Factory utility costs Supervisory salaries Factory supplies Total $ 144,200 164,800 257,500 51,500 $ 618,000 Parr uses direct labor hours as the cost driver to allocate overhead costs. Budgeted direct labor hours for each product are: Product X, 15,000 direct labor hours Product Y, 10,000 direct labor hours Product Z, 5,000 direct labor hours Required: a. Determine the amount of manufacturing overhead that should be allocated to each of the three products. b. Assume that each unit of Product X requires $43 in direct materials and three direct labor hours at a rate of $18 per hour. Calculate the budgeted or expected cost of each unit of X. Note: Round allocation rate to two decimal places and final answers to the nearest whole dollar amount. Product X Y Z a. Overhead allocated based on direct labour hours b. Budgeted cost per unit of X

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