Benson Manufacturing Company produced 1,500 units of inventory in January Year 2. It expects to...
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Benson Manufacturing Company produced units of inventory in January Year It expects to produce an additional units during the remaining months of the year. In other words, total production for Year is estimated to be units. Direct materials and direct labor costs are $ and $ per unit, respectively. Benson expects to incur the following manufacturing overhead costs during the Year accounting period. Production supplies $ Supervisor salary Depreciation on equipment Utilities Rental fee on manufacturing facilities Required Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. Determine the cost of the units of product made in January.
Benson Manufacturing Company produced units of inventory in January Year It expects to produce an additional units during the remaining months of the year. In other words, total production for Year is estimated to be units. Direct materials and direct labor costs are $ and $ per unit, respectively. Benson expects to incur the following manufacturing overhead costs during the Year accounting period.
Production supplies $
Supervisor salary
Depreciation on equipment
Utilities
Rental fee on manufacturing facilities
Required
Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units.
Determine the cost of the units of product made in January.
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