Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. overhead costs at $1,015,000, and they estimated total direct labor costs at...


Please help with parts c & d. Thank you


Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a<br>percentage of direct labor cost.<br>overhead costs at $1,015,000, and they estimated total direct labor costs at $1,400,000.<br>At the beginning of 2018, they estimated total manufacturing<br>The administration and selling overheads are to be absorbed in each job cost at 15% of production<br>cost. Distribution cost should be added to each job according to quotes from outside carriage<br>companies.<br>The company wishes to quote for job # W500. Data for the job are as follows:<br>Direct materials cost<br>$169,450<br>Direct labour cost<br>$230,000<br>Direct labour hours<br>400 hours<br>Special Design Cost<br>Distribution quote from haulage company<br>Units of product produced<br>$12,300<br>$17,930<br>250 crates<br>a) Compute Epsilon Manufacturing Company predetermined manufacturing overhead rate for<br>2018.<br>b) How much manufacturing overhead was allocated to Job #W500?<br>c) Calculate the total cost & quotation price of Job #W500, given that a margin of 25% is applied.<br>d) How much was the production cost per unit (cost per crate) of finished product?<br>

Extracted text: Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. overhead costs at $1,015,000, and they estimated total direct labor costs at $1,400,000. At the beginning of 2018, they estimated total manufacturing The administration and selling overheads are to be absorbed in each job cost at 15% of production cost. Distribution cost should be added to each job according to quotes from outside carriage companies. The company wishes to quote for job # W500. Data for the job are as follows: Direct materials cost $169,450 Direct labour cost $230,000 Direct labour hours 400 hours Special Design Cost Distribution quote from haulage company Units of product produced $12,300 $17,930 250 crates a) Compute Epsilon Manufacturing Company predetermined manufacturing overhead rate for 2018. b) How much manufacturing overhead was allocated to Job #W500? c) Calculate the total cost & quotation price of Job #W500, given that a margin of 25% is applied. d) How much was the production cost per unit (cost per crate) of finished product?

Jun 11, 2022
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