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Nautical Footwear incorporated manufactures women's boating shoes. Manufacturing overhead is assigned to production on a...

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Accounting

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Nautical Footwear incorporated manufactures women's boating shoes. Manufacturing overhead is assigned to production on a machine-hour basis. For 2022, it was estimated that manufacturing overhead would total 3362.920 and that 25.820 machine hours would be used. Required: a. Calculate the predetermined overhead application rate that will be used for absorption costing purposes during 2022. Note: Round your answer to 2 decimal places. b. During Moy. 3,100 pairs of shoes were made. Raw materials costing $6.120 were used, and direct labor costs fotaled $9,770 A total of 750 machine hours were worked during the month of May. Colculate the cost per pair of shoes made during Moy. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. c. At the end of May, 1,220 pelis of shoes were in ending inventory. Calculate the cost of the ending inventory and the cost of Ifie shoes sold during May. Note: Do not round intermediate calculations. Pound your answers to 2 decimal places

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