Question: Required: 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs.

 Required: 1. Compute departmental overhead rates using (a) machine hours to

Required: 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. 3. The company reports additional information below. For each model, compute the product cost per unit. 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit)

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