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. For 2016 the companys cost accountant estimated that total overhead costs incurred would be...

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Accounting

. For 2016 the companys cost accountant estimated that total overhead costs incurred would be $595,200 and that a total of 62,000 direct labor hours would be worked. Calculate the amount of overhead to be applied for each direct labor hour worked on a production run. (Round your answer to 2 decimal places.)
Predetermined overhead application rate

b. A production run of 400 coffee mugs used raw materials that cost $540 and used 50 direct labor hours at a cost of $11.20 per hour. Calculate the cost of each coffee mug produced. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Cost per coffee mug produced

. At the end of October 2016, 160 coffee mugs made in the production run in part b had been sold and the rest were in ending inventory. Calculate (1) the cost of the coffee mugs sold that would have been reported in the income statement and (2) the cost included in the October 31, 2016, finished goods inventory. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Cost of coffee mugs sold
Cost of coffee mugs in inventory

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