Harrison Company makes two products and uses a conventional costing system in which a single plantwide, predetermined overhead rate is computed based on direct labour-hours. These products are customized to some degree for specific customers. Data for the two products for the upcoming year follow: Rascon Parcel Direct materials cost per unit Direct labour cost per unit Direct labour-hours per unit Number of units produced 29.70 $ %24 24 22.90 4.40 28.80 $ 0.90 0.40 32,000 119,000 Required: 1. The company's manufacturing overhead costs for the year are expected to be $866,000. Using the company's traditional costing system, compute the unit product costs for the two products. (Do not round intermediate calculations and round your final answers to 2 decimal places.) Rascon Parcel Unit product cost
Harrison Company makes two products and uses a conventional costing system in which a single plantwide, predetermined overhead rate is computed based on direct labour-hours. These products are customized to some degree for specific customers. Data for the two products for the upcoming year follow: Rascon Parcel Direct materials cost per unit Direct labour cost per unit Direct labour-hours per unit Number of units produced 29.70 $ %24 24 22.90 4.40 28.80 $ 0.90 0.40 32,000 119,000 Required: 1. The company's manufacturing overhead costs for the year are expected to be $866,000. Using the company's traditional costing system, compute the unit product costs for the two products. (Do not round intermediate calculations and round your final answers to 2 decimal places.) Rascon Parcel Unit product cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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