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Compute the unit product costs for the two products

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Question - Harrison Company makes two products and uses a conventional costing system in which a single plant-wide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow:

Rascon Parcel

Direct materials cost per unit $ 13.00 $ 22.00

Direct labor cost per unit $ 6.00 $ 3.00

Direct labor-hours per unit 0.40 0.20

Number of units produced 20,000 80,000

These products are customized to some degree for specific customers.

Requirement 1: The company's manufacturing overhead costs for the year are expected to be $576,000. Using the-company's conventional costing system, compute the unit product costs for the two products.

Reference no: EM131792809

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