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Sheridan Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting process, Sheridan is analyzing the profitability of

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Sheridan Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting process, Sheridan is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be assigned to each product line. The information shown below relates to overhead. (a) The total estimated manufacturing overhead was $280,000 Under traditional costing (which assigns overhead on the basis of direct labor hours); what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, es. 12.25) The total estimated manufacturing overhead was $280,000. Under traditional costing (which assigns overhead on the basis of direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal ploces, eg. 12.25.) (1) One mobile safe per unit (2) One walk-insafe per unit

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