Required: a. For 2022, the company's cost accountant estimated that total overhead costs incurred would be $210,000 and that a total of 28,000 direct labor hours would be worked. Calculate the amount of overhead to be applied for each direct labor hour worked on a production run. Note: Round your answer to 2 decimal places. b. A production run of 250 coffee mugs used raw materials that cost $270 and used 30 direct labor hours at a cost of $9.50 per hour. Calculate the cost of each coffee mug produced. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. At the end of August 2022, 175 coffee mugs made in the production run in part b had been sold and the rest were in ending inventory. Calculate (1) the cost of the coffee mugs sold that would have been reported in the income statement and (2) the cost included in the August 31, 2022, finished goods inventory. Note: Do not round intermediate calculations.

Required: a. For 2022, the company's cost accountant ostimated that total overthead costs incurred would be $210,000 and that a total of 28,000 direct labor hours would be worked. Calculate the amount of overhead to be applied for each direct labor hour worked on a production run. Note: Round your answer to 2 decimal places. 6. A production fun of 250 colfee mugs used raw materials that cost $270 and used 30 direct labor hours at a cost of $9.50 per hour. Calculate the cost of each coffee mug produced. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. At the end of August 2022, 175 coffee mugs made in the production run in part b had been sold and the rest were in ending inventory. Caiculate (1) the cost of the coffee mugs sold that would have been reported in the income statement and (2) the cost. included in the August 31, 2022, finished goods inventory. Note: Do not round intermediate calculations. Ironstone Incorporated produces ceramic coffee mugs and pe application rate based on direct labor hours. Required: a. For 2022, the company's cost accountant estimated that tota 28,000 direct labor hours would be worked. Calculate the an production run. Note: Round your answer to 2 decimal places. b. A production run of 250 coffee mugs used raw materials that Calculate the cost of each coffee mug produced. Note: Do not round intermediate calculations, Round your at c. At the end of August 2022, 175 coffee mugs made in the prod inventory. Calculate (i) the cost of the coffee mugs sold that wo included in the August 31,2022, finished goods inventory. Note: Do not round intermediate calculations