Summit Corporation manufactures machines for the apparel industry. The production manager and cost analyst reviewed the accounts for the previous quarter and have provided an estimated breakdown of the fixed and variable portions of manufacturing overhead: Administration and supervision Engineering and indirect labor Indirect supplies Facilities cost Repair and maintenance Total Fixed $ 31,250 6,100 8,400 Variable $ 10,300 59,300 27,000 12,200 133,800 58,700 76,800 $ 238,250 $ 185,600 Total $ 41,550 65,400 35,400 146,000 135,500 $ 423,850 Direct materials for the quarter amounted to $355,500. Direct labor for the quarter was $716,500. During the quarter, 9,500 units were produced. Required: a. No changes are expected in these cost relations next quarter. The firm has budgeted production of 12,350 units. Provide an estimate for total production cost for next quarter. b. Determine the cost per unit of production for the previous quarter and the estimated cost per unit next quarter.

Mason Company has two manufacturing departments—Machining and Assembly. The company considers all of its manufacturing overhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following information with respect to Jobs A and B:   Estimated Data Machining Assembly Total Manufacturing overhead $ 20,184,000   $ 841,000   $ 21,025,000   Direct labor hours   29,000     696,000     725,000   Machine hours   696,000     24,000     720,000     Job A Machining Assembly Total Direct labor hours 5 10 15 Machine hours 11 2 13     Job B Machining Assembly Total Direct labor hours 4 5 9 Machine hours 12 3 15     Required: 1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how much manufacturing overhead cost would be applied to Job A? Job B? (Round your answers to the nearest whole dollar amount.) 2. Assume that Mason Company uses departmental…

The following report was prepared for evaluating the performance of the plant manager of Marching Ants Inc. Evaluate and correct this report. Marching Ants Inc.Manufacturing CostsFor the Quarter Ended June 30 Materials used in production (including     $56,200 of indirect materials) $607,500 Direct labor (including $84,400 maintenance salaries) 562,500 Factory overhead:     Supervisor salaries 517,500   Heat, light, and power 140,650   Sales salaries 348,750   Promotional expenses 315,000   Insurance and property taxes—plant 151,900   Insurance and property taxes—corporate offices 219,400   Depreciation—plant and equipment 123,750   Depreciation—corporate offices 90,000 Total $3,076,950   Marching Ants Inc.Manufacturing CostsFor the Quarter Ended June 30     $- Select -     - Select - Factory overhead:       $- Select -     - Select -     - Select -     - Select -     - Select -     - Select - - Select - Total…

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