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Utease Corporation has several production plants natlonwlde. A newly opened plant in Dubuque produces and sells one

product. The plant is treated, for responsibility accounting purposes, as a profit center. The unit standard costs for a

production unit, with overhead applled based on direct labor hours, are as follows.

Manufacturing costs $($per unit based on expected actlvity of $17,000$ units or $18,700$ direct labor hours$)$:

Direct materials $(1\mathrm{.}8$ pounds at $$10)$

Direct labor $(1\mathrm{.}1$ hours at $$60)$

Variable overhead $(1\mathrm{.}1$ hours at $$10)$

Fixed overhead $(1\mathrm{.}1$ hours at $$20)$

standard cost per unit

Budgeted selling and administrative costs:

variable

Fixed

Expected sales actlvity: $13,000$ units at $$350$ per unit

Desired ending Inventorles: $12\%$ of sales

Assume this is the first year of operations for the Dubuque plant. During the year, the company had the following actlvity.

Units produced

Units sold

Unit selling price

Direct labor hours worked

Direct labor costs

Direct materials purchased

Direct materials costs

Direct materials used

Actual fixed overhead

Actual variable overhead

Actual selling and administrative costs

$16,000$

$14,500$

$$,345$

$17,100$

$$1,843,100$

$32,800$ pounds

$$328,000$

$32,800$ pounds

$$1,000,000$

$ $87,000$

$$1,652,000$

In addition, all over$-$ or underapplied overhead and all product cost varlances are adjusted to cost of goods sold.

Comprehensive Problem $6($Algo$)$ Part f

f$.$ Calculate the actual plant operating profit$/$loss for the year.

Answer is complete but not entirely

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