During its first year of operations, Forrest Company paid $14,040 for direct materials and $49,200 in...
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?
Homework Answers
Cost of Goods produced
= 14,040 + 49,200 + 13,200
= 76,440
Units produced = 76,440/4.20
= 18,200 units
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During its first year of operations, Forrest Company paid
$14,040 for direct materials and $49,200 in...
QUESTION 19 During its first year of operations, Buzz Lightyear Company paid $35,000 for direct materials...
QUESTION 19 During its first year of operations, Buzz Lightyear Company paid $35,000 for direct materials and $70,000 in wages for production workers. Lease payments, utility costs, and depreciation on factory equipment totaled $25,000. General, selling, and administrative expenses were $30,000. The average cost to produce one unit was $3.00. How many units were produced during the period? A. 43,333 units B.56,000 units C.38,455 units D. 40,000 units
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