Kingsport Contalners Company makes a single product that is subject to wide seasonal varlations In demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First $ 240,000 160,000 230,000 Third $ 60,000 40,000 194,000 Second Fourth $ 120,000 80,000 206,000 $ 406,000 60,000 $ 6.77 $ 180,000 120,000 Direct materials Direct labor Manufacturing overhead $ ? 90,000 $ ? Total manufacturing costs (a) $ 630,000 $ 294,000 Number of units to be produced (b) Estimated unit product cost (a) ÷ (b) 120,000 $ 5.25 30,000 $ 9.80 Management finds the varlation in quarterly unit product costs to be confusing. It has been suggested that the problem lies with manufacturing overhead because it is the largest element of total manufacturing cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product. Requlred: 1. Assuming the estimated varlable manufacturing overhead cost per unit is $0.40, what must be the estimated total fixed manufacturing overhead cost per quarter? 2. Assuming the assumptions about cost behavlor from the first three quarters hold constant, what is the estimated unit product cost for the fourth quarter? 3. What is causing the estimated unit product cost to fluctuate from one quarter to the next? 4. Assuming the company computes one predetermined overhead rate for the year rather than computing quarterly overhead rates, calculate the unit product cost for all units produced during the year. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assuming the company computes one predetermined overhead rate for the year rather than computing quarterly overhead rates, calculate the unit product cost for all units produced during the year. (Do not round intermediate calculations and round the "Unit product cost" to 2 decimal places.) Unit product cost 10.40 X