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ABC Manufacturing, Inc. produces three gadgets (Ace, Best, and Champ) in two departments, Machining and Assembly. Each product requires one hour of direct labor for completion. The following table provides production and cost data for the year.
Ace
Best
Champ
Total
Number of units
25,000
15,000
5,000
45,000
Machine hours
2,500
1,500
2,000
6,000
Direct materials
$1,000,000
$450,000
$275,000
$1,725,000
Direct labor
375,000
225,000
75,000
675,000
Overhead
Machining
900,000
Assembly
450,000
Total overhead
1,350,000
Tot costs
$3,750,000
Required:
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