Direct materials = $35,000
Wages for production workers = $70,000
Lease payments, utility costs, and depreciation on factory equipment = $25,000
Total production cost = Direct materials + Wages for production workers + Lease payments, utility costs, and depreciation on factory equipment
= 35,000+70,000+25,000
= $130,000
Average production cost per unit = $3
Number of units produced x 3 = Total production cost
Number of units produced x 3 = 130,000
Number of units produced = 43,333 units
Correct option is A.
Please give a positive rating if you are satisfied with this solution and if you have any query kindly ask.
Thanks!!
QUESTION 19 During its first year of operations, Buzz Lightyear Company paid $35,000 for direct materials...
During its first year of operations, Forrest Company paid $14,040 for direct materials and $49,200 in wages for production workers. Lease payments, utility costs, and depreciation on factory equipment totaled $13,200. General, selling, and administrative expenses were $19,200. The average cost to produce one unit was $4.20. How many units were produced during the period?
Question 5: During its first year of operations, Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit. How much is the net income? Select one: O a. $30,000 O b. $35,000 O c. $24,000 O d. $25,000
C Question 5: During its first year of operations, Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit How much is the net income? Select one: O a. $30,000 O b. $25,000 O c. $24,000 O d. $35,000
Question 4. During its first year of operations, Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit. How much is the Finished Goods Inventory at Connor Company? Select one: O a. $25,000 O b. $30,000 O c. $20,000 O d. $27,000
Question 3: During its first year of operations, Connor Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit. What is Connor's cost of goods sold for the year? Select one: O a. $70,000 O b. $85,000 O c. $75,000 O d. $80,000
During its first year of operations, Silverman Company paid $11,360 for direct materials and $11,100 for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,100 while general, selling, and administrative expenses totaled $3,400. The company produced 7,400 units and sold 4,600 units at a price of $6.90 a unit. What is the amount of gross margin for the first year? $12,320 $11,500 $31,740 $9,280
During its first year of operations, Silverman Company paid $12,065 for direct materials and $10,800 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,800 while general, selling, and administrative expenses totaled $3,700. The company produced 6,950 units and sold 4,300 units at a price of $7.20 a unit. What is the amount of finished goods inventory on the balance sheet at year-end?
During its first year of operations, Silverman Company paid $11,625 for direct materials and $11,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,000 while general, selling, and administrative expenses totaled $3,500. The company produced 7,250 units and sold 4,500 units at a price of $7.00 a unit. What is the amount of finished goods inventory on the balance sheet at year-end?
During its first year of operations, Silverman Company paid $10,740 for direct materials and $11,300 for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,300 while general, selling, and administrative expenses totaled $3,200. The company produced 7,700 units and sold 4,800 units at a price of $6.70 a unit. What was Silverman's net income for the first year in operation? $10,120 $21,860 $8,800 $28,960
During its first year of operations, Silverman Company paid $7,000 for direct materials and $9,500 for production workers' wages. Lease payments and utilities on the production facilities amounted to $8,500 while general, selling, and administrative expenses totaled $4,000. The company produced 5,000 units and sold 3,000 units at a price of $7.50 unit. What is the amount of gross margin for the first year? Multiple Choice $7,500 $6,000 $ 22,500