Question: 27 and 28 please.. ESSAY. Write your answer in the space provided or on a separate sheet of paper 27) Parr Corporation makes three products,

 27 and 28 please.. ESSAY. Write your answer in the space27 and 28 please..

ESSAY. Write your answer in the space provided or on a separate sheet of paper 27) Parr Corporation makes three products, X, Y, and Z. Expected overhead costs for the con pegrecdation o y building Factory utility costs Supervisory salaries Factory supplies Total S 140,000 160,000 250,000 50,000 600 Parr uses direct labor hours as the cost driver to allocate overhead costs. Budgeted direct labor hours for each product are: Product X, 15,000 direct labor hours Product Y, 10,000 direct labor hours Product Z, 5,000 direct labor hours Required: 1) Determi 2) Assume per hour. Calculate the budgeted or expected cost of each unit of X. 28) Morris Company makes one product, and it expects to incur a total of S600,000 in indirect (overhead) costs ine the amount of manufacturing overhead that should be allocated to each of the three products that each unit of Product X requires $40 in direct materials and 3 direct labor hours at a rate of $15 during the current year. Production of the product for the year is expected to be: uarter Estimated production in units Required: 1) Calculate a predetermined overhead rate based on the number of units of product expected to be made during the current year. 2) Assuming that direct materials and direct labor costs are $10 and $15, respectively, determine the total cost per unit using the overhead rate you calculated in part (1)

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