Howard Bannister Company budgets the following per-unit costs for the upcoming year. Direct Material $33.29 Direct Labor $22.26 Variable Selling Expenses $16.40 Sales commission $19.05 Howard budgets producing 1,201 units and having 25,568 of total variable overhead, 49,632 of total fixed overhead, and 32,323 of total fixed S&A costs for the year. Howard allocates overhead based on units produced. What is the per-unit cost of inventory under absorption costing (i.e., assuming budgets are correct, how much will be the total amount debited to WIP if Howard produces one additional unit)? Round your answer to two decimal places (e.g., 192.37).

Howard Bannister Company budgets the following per-unit costs for the upcoming year. Direct Material $33.29 Direct Labor $22.26 Variable Selling Expenses $16.40 Sales commission $19.05 Howard budgets producing 1,201 units and having 25,568 of total variable overhead, 49,632 of total fixed overhead, and 32,323 of total fixed S&A costs for the year. Howard allocates overhead based on units produced. What is the per-unit cost of inventory under absorption costing (i.e., assuming budgets are correct, how much will be the total amount debited to WIP if Howard produces one additional unit)? Round your answer to two decimal places (e.g., 192.37).

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Description: hh Howard Bannister Company budgets the following per-unit costs for the upcoming year.Direct Material$33.29Direct Labor$22.26Variable Selling Expenses $16.40Sales commission$19.05Howard budgets producing 1,201 units and having 25,568 of total variab

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000
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