FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Fanning Corporation estimated its
Required
-
Calculate a predetermined overhead rate based on direct labor hours.
-
Determine the total allocated overhead cost for January, March, and August.
-
Determine the cost per unit of product for January, March, and August.
-
Determine the selling price for the product, assuming that the company desires to earn a gross margin of $21.60 per unit.
Transcribed Image Text:Answer is complete but not entirely correct.
Complete this question by entering your answers in the tabs below.
Req A
Req B to D
Determine the total allocated overhead cost, the cost per unit of product and the selling price for the product for January,
March, and August. Assume that the company desires to earn a gross margin of $21.60 per unit. (Do not round intermediate
calculations. Round "Cost per unit" and "Selling price per unit" to 2 decimal places. Round your total allocated overhead cost
to nearest whole dollar.)
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January
August
Total allocated overhead cost
Cost per unit
March
S 36,960 S 36,900
$ 9.20 $ 9.20 s
S 64.20 X S 64.20 X S
$ 46,560
9.60
64.20 x
Selling price per unit
< Req A
Req B to D >
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