Joe’s Fishery manufactures two products, Brown and yellow, for which the following information is available.
Maroon Gold
Units Produced 2,600 17,775
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Get Help Now!Target Selling Price $ 240 $ 110
Manufacturing Cost
Per Unit
Direct Material $ 78 $ 36
Direct Labor $ 42 $ 24
Manufacturing Overhead ? ?
Total Manufacturing
Cost Per Unit ? ?
Direct Labor Hours Per Unit: 2 (brown) 2 (yellow)
The company uses a traditional costing system, with total estimated manufacturing overhead of$815,000 applied to the two products on the basis of direct labor hours.
a) Calculate the gross margin per unit of the Brown product under the current, traditional cost system
b) Assume that actual manufacturing overhead costs were $895,000and actual direct labor hours were 52,000. How much is over/underapplied overhead?
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