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Question one: Part one: Sandler Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear
Question one:
Part one:
Sandler Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: |
Estimated machine-hours | 72,300 | ||
Estimated variable manufacturing overhead | $ | 3.30 | per machine-hour |
Estimated total fixed manufacturing overhead | $ | 838,780 | |
Required: | |
Compute the company's predetermined overhead rate. (Round your answer to 2 decimal places. Omit the "$" sign in your response) |
Predetermined overhead rate | $ |
Part 2:
Job 434 was recently completed. The following data have been recorded on its job cost sheet: |
Direct materials | $ | 50,000 | ||
Direct labor-hours | 670 | labor-hours | ||
Direct labor wage rate | $ | 12 | per labor-hour | |
Machine-hours | 340 | machine-hours | ||
Number of units completed | 3,500 | units | ||
The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $12 per machine-hour. |
Required: |
Compute the unit product cost that would appear on the job cost sheet for this job. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
Unit product cost | $ |
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