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Help Fanning Construction Company expects to build three new homes during a specific accounting period. The estimated direct materials and labor costs are as follows. Expected costs Direct labor Direct materials Home $ 73,000 109,000 Home 2 $100,000 145,000 Home 3 $172.000 184,000 Assume Fanning needs to allocate two major overhead costs ($51,750 of employee fringe benefits and $13,140 of indirect materials costs) among the three jobs. Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.) Fringo Bonefits: Home Allocation Rate x Weight of Base Allocated Cost 1 X 2 x 3 X Total Indirect Materials: Home Allocation Rate * Weight of Base - Allocated Cost 1 X 2 X 3 X Total The cost components to determine the total cost of each house: Required Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 2 decimal places.) Fringe Benefits Home Allocation Ratex Weight of Base - Allocated Cost 1 2 3 Total es Indirect Materials: Home Allocation Ratex Weight of Base - Allocated Cost 1 X 2 x 3 Total Home 3 Total The cost components to determine the total cost of each house: Expected Costs Home 1 Home 2 Direct labor Direct materials Fringe benefits Indirect materials Total cost 2. Exercise 12-11A (Algo) Allocating to solve a timing problem LO 12-3 5 points Campbell Air is a large airline company that pays a customer relations representative $14,200 per month. The representative, who processed 1.050 customer complaints in January and 1,350 complaints in February, is expected to process 21300 customer complaints during the year. Required a. Determine the total cost of processing customer complaints in January and in February eBook Print Reference Allocated Cost Month January February Check m. Problem 12-18A (Algo) Allocation to accomplish smoothing LO 12-1, 12-2, 12-3 noints Campbell Corporation estimated Its overhead costs would be $22.800 per month except for January when it pays the $134,280 annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $157080 ($134,280 - $22,800). The company expected to use 7100 direct labor hours per month except during July August, and September when the company expected 9.600 hours of direct labor each month to build inventories for high demand that normally occurs during the Christmas season. The company's actual direct labor hours were the same as the estimated hours. The company made 3,550 units of product in each month except July, August, and September in which it produced 4.800 units each month. Direct labor costs were $23.60 per unit, and direct materials costs were $10.10 per unit. eBook Print References Required a. Calculate a predetermined overhead rate based on direct labor hours. b. Determine the total allocated overhead cost for January, March, and August. c. Determine the cost per unit of product for January, March, and August. d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.10 per unit Complete this question by entering your answers in the tabs below. Reg A Reg B to D Calculate a predetermined overhead rate based on direct labor hours. (Round your answer to 2 decimal places) per labor hour ReqBtoD> 3 Ch 5 points annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $157,080 ($134,280 - $22,800). The company expected to use 7,100 direct labor hours per month except during July August, and September when the company expected 9,600 hours of direct labor each month to build inventories for high demand that normally occurs during the Christmas season. The company's actual direct labor hours were the same as the estimated hours. The company made 3,550 units of product in each month except July, August, and September in which it produced 4,800 units each month. Direct labor costs were $23.60 per unit, and direct materials costs were $10.10 per unit. Required a. Calculate a predetermined overhead rate based on direct labor hours. b. Determine the total allocated overhead cost for January, March, and August c. Determine the cost per unit of product for January, March, and August d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20,10 per unit. eBook References Complete this question by entering your answers in the tabs below. Reg A Reg B to D Determine the total allocated overhead cost, the cost per unit of product and the selling price for the product for January, March, and August. Assume that the company desires to earn a gross margin of $20.10 per unit. (Do not round intermediate calculations. Round "Cost per unit" and "Selling price per unit" to 2 decimal places. Round your total allocated overhead cost to nearest whole dollar.) Show less January March August Total allocated overhead cost Cost per unit Selling price per unit
