Question: Please help me solve numbers 1,2, & 4. Thank you! Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units to be

Please help me solve numbers 1,2, & 4. Thank you!  Please help me solve numbers 1,2, & 4. Thank you! Direct
materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units
to be produced (b) Estimated unit product cost (a) + (b) Quarter

Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units to be produced (b) Estimated unit product cost (a) + (b) Quarter First Second Third Fourth $320,800 $160,800 $ 80,000 $240, 808 168,000 80,000 40,000 120,000 240,890 216,800 284,888 ? $720,eee $456,200 $324,000 $ ? 160,000 80,000 40,000 120,080 4.50 $ 5.70 $ 8.10 $ Management finds the variation in quarterly unit product costs to be confusing. It has been suggested that the problem lies with manufacturing overhead because it is the largest element of total manufacturing cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product . Required: 1. Assuming the estimated variable manufacturing overhead cost per unit is $0.30, what must be the estimated total fixed manufacturing overhead cost per quarter? 2. Assuming the assumptions about cost behavior from the first three quarters hold constant, what is the estimated unit product cost for the fourth quarter? 3. What is causing the estimated unit product cost to fluctuate from one quarter to the next? 4. Assuming the company computes one predetermined overhead rate for the year rather than computing quarterly overhead rates. calculate the unit product cost for all units produced during the year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assuming the estimated variable manufacturing overhead cost per unit is $0.30, what must be the estimated total fixed manufacturing overhead cost per quarter? Fixed manufacturing overhead cost Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units to be produced (6) Estimated unit product cost (a) + (6) Quarter First Second Third Fourth $320,000 $160,000 $ 80,000 $240,000 168, e80 80,000 40,000 120,000 240,000 216,000 204,000 2 $720,000 $456,eee $324,000 $ 2 160, eee 80,000 40,000 120, eee $ 4.50 $ 5.70 $ 8.10 5 Management finds the variation in quarterly unit product costs to be confusing. It has been suggested that the problem lies with manufacturing overhead because it is the largest element of total manufacturing cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product Required: 1. Assuming the estimated variable manufacturing overhead cost per unit is $0.30, what must be the estimated total fixed manufacturing overhead cost per quarter? 2. Assuming the assumptions about cost behavior from the first three quarters hold constant, what is the estimated unit product cost for the fourth quarter? 3. What is causing the estimated unit product cost to fluctuate from one quarter to the next? 4. Assuming the company computes one predetermined overhead rate for the year rather than computing quarterly overhead rates, calculate the unit product cost for all units produced during the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assuming the assumptions about cost behavior from the first three quarters hold constant, what is the estimated unit product cost for the fourth quarter? (Do not round intermediate calculations and round the unit product cost to 2 decimal places.) Unit product cost Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units to be produced (b) Estimated unit product cost (a) (b) vuarter First Second Third Fourth $320,000 $160,000 $ 80,000 $240,000 160,00 80,000 40,000 120,000 240,00 216,000 204,000 2 $720,000 $456,000 $324,000 $ 2 168,000 89,000 40,000 120,000 $ 4.50 $ 5.70 $ 8.10 $ Management finds the variation in quarterly unit product costs to be confusing. It has been suggested that the problem lies with manufacturing overhead because it is the largest element of total manufacturing cost. Accordingly, you have been asked to find a more appropriate way of assigning manufacturing overhead cost to units of product Required: 1. Assuming the estimated variable manufacturing overhead cost per unit is $0.30, what must be the estimated total fixed manufacturing overhead cost per quarter? 2. Assuming the assumptions about cost behavior from the first three quarters hold constant, what is the estimated unit product cost for the fourth quarter? 3. What is causing the estimated unit product cost to fluctuate from one quarter to the next? 4. Assuming the company computes one predetermined overhead rate for the year rather than computing quarterly overhead rates, calculate the unit product cost for all units produced during the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Assuming the company computes one predetermined overhead rate for the year rather than computing quarterly overhead rates, calculate the unit product cost for all units produced during the year. (Do not round Intermediate calculations and round the "Unit product cost to 2 decimal places.) Unit product cost (Required 3 Required 4

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!