Homework Answers
Answer
| January | February | |
| Price | $34.43 | $40.98 [or $ 40.97] |
--Working
| January | February | ||
| Material cost | $16,200 | $8,600 | |
| Labor Cost | $24,100 | $12,800 | |
| A | Total Variable cost | $40,300 | $21,400 |
| B | Units produced | 4200 | 1500 |
| C = A/B | Variable cost per unit | $9.60 | $14.27 |
| D | Manufacturing Overhead rate ($475500/31700 units) | $15.00 | $15.00 |
| E = C+D | Total Cost per unit | $24.60 | $29.27 |
| F = E x 40% | Markup 40% | $9.84 | $11.71 |
| G = E+F | Price | $34.43 | $40.98 or $ 40.97 |
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