i need the answer quickly Solomon Corporation estimated its overhead costs would be $23,400 per month except for January when it pays the $168,750 annualinsurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $192,150 ($168,750 +$23,400). The company expected to use 7,800 direct labor hours per month except during July, August, and September when thecompany expected 9,900 hours of direct labor each month to build inventories for high demand that normally occurs during theChristmas season. The company's actual direct labor hours were the same as the estimated hours. The company made 3,900 units ofproduct in each month except July, August, and September, in which it produced 4,950 units each month. Direct labor costs were$24.00 per unit, and direct materials costs were $10.60 per unit.Requireda. Calculate a predetermined overhead rate based on direct labor hours.b. Determine the total allocated overhead cost for January, March, and August.c. Determine the cost per unit of product for January, March, and August.d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $20.40 per unit.Complete this question by entering your answers in the tabs below.Req AReq B to DCalculate a predetermined overhead rate based on direct labor hours.Note: Round your answer to 2 decimal places.Predetermined overhead rateper labor hour

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Description: i need the answer quickly Solomon Corporation estimated its overhead costs would be $23,400 per month except for January when it pays the $168,750 annualinsurance premium on the manufacturing facility. Accordingly, the January overhead costs were exp

PREDETERMINED OVERHEAD RATEPredetermined rate means an indirect cost rate.Predetermined overhead…

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Solomon Corporation estimated its overhead costs would be $ insurance premium on the manufacturing facility. Accordingly, $23,400). The company expected to use 7,800 direct labor how company expected 9,900 hours of direct labor each month to Christmas season. The company's actual direct labor hours we product in each month except July, August, and September, in $24.00 per unit, and direct materials costs were $10.60 per uni Required Calcu

Solomon Corporation estimated its overhead costs would be $ insurance premium on the manufacturing facility. Accordingly, $23,400). The company expected to use 7,800 direct labor how company expected 9,900 hours of direct labor each month to Christmas season. The company's actual direct labor hours we product in each month except July, August, and September, in $24.00 per unit, and direct materials costs were $10.60 per uni Required Calcu

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 3PA: Pocono Cement Forms expects $900,000 in overhead during the next year. It does not know whether it...

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