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please help! Sluart Corporation estimated its overhead costs would be $23,600 per month except for January when it pays the $206310 annual insurance premium on
please help!
Sluart Corporation estimated its overhead costs would be $23,600 per month except for January when it pays the $206310 annual insurance premium on the manufacturing facility. Accordingly, the Jonuary overhead costs were expected to be $229,910 \$\$206,310. $23,600 ). The company expected to use 7,900 direct labor hours per month except during July, August, and September when the company expected 9,600 hours of direct labor each month to bulld inventories for high demand that normally occurs during the Christmas season. The company's actual direct lobor hours were the same as the estimated hours, The complany made 3,950 units of product in each month except July, August, and September, in which it produced 4,800 units cach month. Direct labor costs were $24.70 per unit, and direct materlals costs were $11.30 per unt. Required o. 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 $21.60 per unit. Complete this question by entering your answers in the tabs below. Calculate a predetermined overhead rate based on direct labor hours. (Round your ansiver to 2 decimal placies.) 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 destres to earn a gross margin of $21.60 per unit. Complete this question by entering your answers in the tabs below. Determine the total allocated overhead cost, the cost per unit of product and the selling price for the product for Januaty. March, and August. Assume that the company desires to earn a gros5 margin of $21.60 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 nesrest whole dollar) Step by Step Solution
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