Homework Answers
a)
| Total cost for 27,200 units | |
| Direct materials | 189,000 |
| Direct labor | 149,000 |
| Variable overheads | 36,000 |
| Fixed overheads | 135,000 |
| Total product cost | $509,000 |
Average unit product cost = Total product cost/Number of units produced
= 509,000/27,200
= $18.71
Product cost = Average unit product cost x Number of units sold
= 18.71 x 19,900
= $372,329
b)
| Total cost for 27,200 units | |
| Direct materials | 189,000 |
| Direct labor | 149,000 |
| Variable overheads | 36,000 |
| Total product cost | $374,000 |
Average unit product cost = Total product cost/Number of units produced
= 374,000/27,200
= $13.75
Product cost = Average unit product cost x Number of units sold
= 13.75 x 19,900
= $273,625
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