Question: GHA 12 Q2 please fix REQ B Return to question N Gibson Manufacturing Company produced 2,300 units of inventory in January, Year 2. It expects

GHA 12 Q2

please fix REQ B

GHA 12 Q2 please fix REQ B Return to question N GibsonManufacturing Company produced 2,300 units of inventory in January, Year 2. Itexpects to produce an additional 9,800 units during the remaining 11 months

Return to question N Gibson Manufacturing Company produced 2,300 units of inventory in January, Year 2. It expects to produce an additional 9,800 units during the remaining 11 months of the year. In other words, total production for year 2 is estimated to be 12,100 units. Direct materials and direct labor costs are $68 and $61 per unit, respectively. Gibson expects to incur the following manufacturing overhead costs during the year 2 accounting period. Production supplies Supervisor salary Depreciation on equipment Utilities Rental fee on manufacturing facilities $ 6,500 185,000 135,000 23,000 282,725 Required a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units, b. Determine the cost of the 2.300 units of product made in January Answer complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. (Round your answer to 2 decimal places.) Predetermined overhead rate S 52.25 per unit Required a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. b. Determine the cost of the 2,300 units of product made in January Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. (Round your answer to 2 decimal places.) Predetermined overhead rate 52.25 per unit Required a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. b. Determine the cost of the 2,300 units of product made in January Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cost of the 2,300 units of product made in January. Allocated Cost 155,875 X 208,800 Indirect overhead costs Direct materials Direct labor Total 159,500 X $ 524,175

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!