Question: Answer required and provide calculations and explanations 1. Assuming McCullough calculates two overhead rates as recommendod by the staff accountant, calculate: a. The ICU and

Answer required and provide calculations and explanations

Answer required and provide calculations and explanations 1. Assuming McCullough calculates two

1. Assuming McCullough calculates two overhead rates as recommendod by the staff accountant, calculate: a. The ICU and Other overhead rates. b. The total cost, including direct materials, direct labour, and applied overhead, assigned to Patient A and Patient B. 2. Assuming McCullough continues to use only one predetermined overhead rate, calculate a. The predetermined overhead rate. b. The total cost, including direct materials, direct labour, and applied overhead, assigned to Patient A and Patient B. (Round "Predetermined overhead rate" to 2 decimal places. Round other intermediate calculations and final answers to the nearest dollar amount.) 8). Equivalent Units and Cost per Equivalent Unit-Weighted-Average Method (10 marks) Healthcheck Corp. manufactures an antacid product that passes through two departments. Data for June for the first department follow: ~ Workin process, 80,000 $68,600 $30,000 $48,000 June 1 Litres started in 760,000 process Litres transferred 790,000 out Work in process, 50,000 June 30 added $907,200 $370,000 $592,000 during he beginning work in process inventory was 80% complete with respect to materials and complete with respect to labour and overhead. The ending work in process inventory : '60% complete with respect to materials and 20% complete with respect to labour and sufe fhat the company uses the weighted-average method of accounting for units and costs. 1. Compute the equivalent units for June's activity for the first department. 2, Determine the costs per equivalent unit for June. (Round your answers to 2 decimal places.)

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