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1. a.

Solomon Manufacturing Company produced 1.800 units of inventory in January Year 2. It expects to produce an additional 10.200 units during the remaining 11 months of the year, In other words, total production for Year 2 is estimated to be 12.000 units. Direct materials and direct labor costs are $84 and $81 per unit, respectively. Solomon expects to incur the following manufacturing overhead costs during the Year 2 accounting period. Production supplies 3 6,266 Supervisor salary 178,666 Depreciation on equipment 143,666 Utilities 34,666 Rental fee on manufacturing facilities 238,366 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 1,800 units of product made in January. Complete this question by entering your answers in the tabs below. Required A Required 3 Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. Note: Round your answer to 2 decimal places. _ Required A Required B Determine the cost of the 1,800 units of product made in January. Allocated Cost Indirect overhead costs Direct materials Direct labor TotalJordan Hats Corporation manufactures three different models of hats: Vogue, Beauty, and Glamour. Jordan expects to incur $620,000 of overhead cost during the next fiscal year. Other budget information follows. Vogue Beauty Glamour Total Direct labor hours 3J 633 5,633 13,333 23,333 Machine hours 1,333 1,?59 1,953 5J333 Required a. Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. b. Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Required A Required B Use direct labor hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Product Allocation Rate x Weight of Base = Allocated Cost Vogue X $ 0 Beauty X 0 Glamour X 0 Total $ 0Required A Required B Use machine hours as the cost driver to compute the allocation rate and the budgeted overhead cost for each product. Product Allocation Rate x Weight of Base |= Allocated Cost Vogue X $ 0 Beauty X Glamour X 0 Total $ 0Production workers for Fanning Manufacturing Company provided 440 hours of labor in January and 550 hours in February. Fanning expects to use 4,000 hours of labor during the year. The rental fee for the manufacturing facility is $11,000 per month. Required Based on this information, how much of the rental cost should be allocated to the products made in January and to those made in February? Note: Do not round intermediate calculations. Month Allocated Cost January FebruaryAdams Manufacturing Company expects to make 31,500 chairs during the Year 1 accounting period. The company made 4000 chairs in January. Materiais and labor costs for January were $17,700 and $25,500, respectively. Adams produced 1,900 chairs in February. Material and labor costs for February were $9,400 and $13,900. respectively. The company paid the $315,000 annual rental fee on its manufacturing facility on January 1, Year 1. The rental fee Is allocated based on the total estimated number of units to be produced during the year. Required Assuming that Adams desires to sell its chairs for cost plus 30 percent of cost. what price should be charged for the chairs produced in January and February? Note: Round intermediate calculations and nal answers to 2 decimal places. Thornton Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 306,000 pounds of raw materials, the company generates 73,000 pounds of B7, 150,000 pounds of K6, and 83,000 pounds of X9. A standard batch costs $2,448,000 to produce. The sales prices per pound are $6, $12, and $14 for B7, K6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using weight as the allocation base. b. Allocate the joint product cost among the three final products using market value as the allocation base. Complete this question by entering your answers in the tabs below. Required A Required B Allocate the joint product cost among the three final products using weight as the allocation base. Product Allocation Rate x Weight of Base = Allocated Cost B7 X K6 X 0 X9 0 Total allocated cost 0Thornton Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 306,000 pounds of raw materials, the company generates 73,000 pounds of B7, 150,000 pounds of K6, and 83,000 pounds of X9. A standard batch costs $2,448,000 to produce. The sales prices per pound are $6, $12, and $14 for B7, K6, and X9, respectively. Required a. Allocate the joint product cost among the three final products using weight as the allocation base. b. Allocate the joint product cost among the three final products using market value as the allocation base. Complete this question by entering your answers in the tabs below. Required A Required B Allocate the joint product cost among the three final products using market value as the allocation base. Note: Round "Allocation rate" to 2 decimal places. Product Allocation Rate x Weight of Base = Allocated Cost B7 X $ C K6 X 0 X9 Total allocated cost 0