Before the year began, McCrae, Inc. estimated its manufacturing overhead costs for the year to be...

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Before the year began, McCrae, Inc. estimated its manufacturing overhead costs for the year to be $400,000 and estimated that

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Answer 1

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Explanation :

*Overhead rate = $400,000/20,000 = 20 per machine hour

Particulars	Amount
Sales ($543*12)	$ 6,516
Direct material	$ -1,000
Direct labour	$ -1,500
Overhead (15*20)	$ -450
Gross Profit	$ 3,566
Unit	12
Gross profit on each unit	$ 297

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Answer 2

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