Question 1:

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Question 2:

Munoz Manufacturing Company produced 1,700 units of inventory in January, Year 2. It expects to produce an additional 9,500 units during the remaining 11 months of the year. In other words, total production for year 2 is estimated to be 11,200 units. Direct materials and direct labor costs are $81 and $71 per unit, respectively. Munoz expects to incur the following manufacturing overhead costs during the year 2 accounting period.

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.

Required

b. Determine the cost of the 1,700 units of product made in January.

Fanning Services Company has 64 employees, 28 of whom are assigned to Division A and 36 to Division B. Fanning incurred $380,800 of fringe benefits cost during year 2 . Required Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B. ProductionsuppliesSupervisorsalaryDepreciationonequipmentUtilitiesRentalfeeonmanufacturingfacilities$5,300186,000134,00033,000224,100 Complete this question by entering your answers in the tabs below. 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.) Complete this question by entering your answers in the tabs below. Determine the cost of the 1,700 units of product made in January