Sherman, Inc. manufactures chainsaws that sell for $66. Each chainsaw uses $14 in direct materials and...
Sherman, Inc. manufactures chainsaws that sell for $66. Each chainsaw uses $14 in direct materials and $9 in direct labor per unit. Sherman has two activities: Machining, which is applied at the rate of $4 per machine hour, and Finishing, which is applied at the rate of $20 per batch. This month, Sherman made 250 chainsaws, using 1,125 machine hours in 50 batches. What is the total manufacturing cost for one chainsaw? (Do not round intermediate calculations.)
Homework Answers
| Activity | Activity used | Activity rate | Activity cost |
| Machining | 1,125 machine hours | $4 per machine hour | 1,125 x 4 = $4,500 |
| Finishing | 50 batches | $20 per batch | 50 x 20 = $1,000 |
| Total | $5,500 |
Total overhead costs = $5,500
Number of chainsaws produced = 250
Overhead per chainsaw = Total overhead costs/Number of chainsaws produced
= 5,500/250
= $22
Total manufacturing cost for one chainsaw = Direct materials per chainsaw+ Direct labor per chainsaw+ Overhead per chainsaw
= 14 + 9 + 22
= $45
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