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Land O'Lakes Contribution Margin Income Statement For the year ended December 31, 2022 Sales Variable Expenses Contribution Margin Fixed Expenses Net Income Allocation rate - using direct labor hours as the cost driver Overhead ESTIMATED at beginning of year Total ACTUAL overhead Direct labor hours ESTIMATED at beginning of year Total ACTUAL direct labor hours Predetermined Overhead Rate (POHR) Overhead to be allocated to each product line: Overhead allocated (OH rate* respective direct labor hours used for each product) Cost per unit for each product line: Direct material cost per unit (DM cost for respective product/units of that product produced) Direct labor cost per unit (DL cost for respective product/units of that product produced) Allocated overhead per unit (OH allocated to respective product/units of that product produced) Total cost per unit \begin{tabular}{|r|} \hline$301,586 \\ \hline \\ \hline 74,000 \\ \hline \end{tabular} per direct labor hour \begin{tabular}{|l|l|} \hline Butter & Half \& Half \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Butter & Half \& Half \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular} Land O'Lakes Contribution Margin Income Statement For the year ended December 31, 2022 Sales Variable Expenses Contribution Margin Fixed Expenses Net Income Allocation rate - using direct labor hours as the cost driver Overhead ESTIMATED at beginning of year Total ACTUAL overhead Direct labor hours ESTIMATED at beginning of year Total ACTUAL direct labor hours Predetermined Overhead Rate (POHR) Overhead to be allocated to each product line: Overhead allocated (OH rate* respective direct labor hours used for each product) Cost per unit for each product line: Direct material cost per unit (DM cost for respective product/units of that product produced) Direct labor cost per unit (DL cost for respective product/units of that product produced) Allocated overhead per unit (OH allocated to respective product/units of that product produced) Total cost per unit \begin{tabular}{|r|} \hline$301,586 \\ \hline \\ \hline 74,000 \\ \hline \end{tabular} per direct labor hour \begin{tabular}{|l|l|} \hline Butter & Half \& Half \\ \hline & \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Butter & Half \& Half \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}