Question: a. Calculate the predetermined overhead application rate that will be used for absorption costing purposes during 2013 b. At the end of April, 1,020 hats

a. Calculate the predetermined overhead application rate that will be used for absorption costing purposes during 2013

b. At the end of April, 1,020 hats were in ending inventory. Calculate the cost of the ending inventory and the cost of the hats sold during April.

c. .

During April, 3,800 hats were made. Raw materials costing $6,340 were used, and direct labor costs totaled $9,840. A total of 770 machine hours were worked during the month of April. Calculate the cost per hat made during April.

Manufacturing overhead is assigned to production on a machine-hour basis. For 2013, it was estimated that manufacturing overhead would total $368,170 and that 29,630 machine hours would be used.

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