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Finch Corporation expects to incur indirect overhead costs of $110,700 per month and direct manufacturing costs of $18 per unit. The expected production activity for the first four months of 2017 is as follows: January February March 4,500 April 4,300 7,600 Estimated production in units 8,200 Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. b. Allocate overhead costs to each month using the overhead rate computed in Requirement a. c. Calculate the total cost per unit for each month using the overhead allocated in Requirement b. Complete this question by entering your answers in the tabs below. Required A Required B Required C Allocate overhead costs to each month using the overhead rate computed in Requirement a. Month Allocated Cost January February March April

Finch Corporation expects to incur indirect overhead costs of $110,700 per month and direct manufacturing costs of $18 per unit. The expected production activity for the first four months of 2017 is as follows: January February March 4,500 April 4,300 7,600 Estimated production in units 8,200 Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. b. Allocate overhead costs to each month using the overhead rate computed in Requirement a. c. Calculate the total cost per unit for each month using the overhead allocated in Requirement b. Complete this question by entering your answers in the tabs below. Required A Required B Required C Allocate overhead costs to each month using the overhead rate computed in Requirement a. Month Allocated Cost January February March April

FINANCIAL ACCOUNTING
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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Finch Corporation expects to incur indirect overhead costs of $110,700 per month and direct manufacturing costs of $18 per unit. The expected production activity for the first four months of 2017 is as follows: January February March 4,500 April 4,300 7,600 Estimated production in units 8,200 Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. b. Allocate overhead costs to each month using the overhead rate computed in Requirement a. c. Calculate the total cost per unit for each month using the overhead allocated in Requirement b. Complete this question by entering your answers in the tabs below. Required A Required B Required C Allocate overhead costs to each month using the overhead rate computed in Requirement a. Month Allocated Cost January February March April
Transcribed Image Text:Finch Corporation expects to incur indirect overhead costs of $110,700 per month and direct manufacturing costs of $18 per unit. The expected production activity for the first four months of 2017 is as follows: January February March 4,500 April 4,300 7,600 Estimated production in units 8,200 Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. b. Allocate overhead costs to each month using the overhead rate computed in Requirement a. c. Calculate the total cost per unit for each month using the overhead allocated in Requirement b. Complete this question by entering your answers in the tabs below. Required A Required B Required C Allocate overhead costs to each month using the overhead rate computed in Requirement a. Month Allocated Cost January February March April
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