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Stuart Manufacturing Company produced 2,400 units of inventory in January Year 2. It expects to...

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Accounting

Stuart Manufacturing Company produced 2,400 units of inventory in January Year 2. It expects to produce an additional 10,300 units during the remaining 11 months of the year. In other words, total production for Year 2 is estimated to be 12,700 units. Direct materials and direct labor costs are $65 and $69 per unit, respectively. Stuart expects to incur the following manufacturing overhead costs during the Year 2 accounting period. Production supplies $ 6,100 Supervisor salary 174,000 Depreciation on equipment 126,000 Utilities 21,000 Rental fee on manufacturing facilities 311,075 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 2,400 units of product made in January.

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  1. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units.
  2. Determine the cost of the 2,400 units of product made in January.
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