Campbell Manufacturing Company produced 3,200 units of inventory in January Year 2. It expects to produce an additional 8,700 units during the remaining 11 months of the year. In other words, total production for Year 2 is estimated to be 11,900 units. Direct materials and direct labor costs are $65 and $66 per unit, respectively. Campbell expects to incur the following manufacturing overhead costs during the Year 2 accounting period. $ 4,800 186,000 125,000 Production supplies Supervisor salary Depreciation on equipment Utilities 27,000 Rental fee on manufacturing facilities 264,100 Required 1. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. 2. Determine the cost of the 3,200 units of product made in January. Determine the cost of the 3,200 units of product made in January. Allocated Cost Indirect overhead costs Direct materials Direct labor Total Required A Required B Predetermined overhead rate $ Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. Note: Round your answer to 2 decimal places. per unit 0

Campbell Manufacturing Company produced 3,200 units of inventory in January Year 2. It expects to produce an additional 8,700 units during the remaining 11 months of the year. In other words, total production for Year 2 is estimated to be 11,900 units. Direct materials and direct labor costs are $65 and $66 per unit, respectively. Campbell expects to incur the following manufacturing overhead costs during the Year 2 accounting period. $ 4,800 186,000 125,000 Production supplies Supervisor salary Depreciation on equipment Utilities 27,000 Rental fee on manufacturing facilities 264,100 Required 1. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. 2. Determine the cost of the 3,200 units of product made in January. Determine the cost of the 3,200 units of product made in January. Allocated Cost Indirect overhead costs Direct materials Direct labor Total Required A Required B Predetermined overhead rate $ Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. Note: Round your answer to 2 decimal places. per unit 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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