Grover Company has the following data for the production and
sale of 1,000 units.
Sales price per unit | $ | 800 | per unit |
Fixed costs: | |||
Marketing and administrative | $ | 510,000 | per period |
Manufacturing overhead | $ | 150,000 | per period |
Variable costs: | |||
Marketing and administrative | $ | 55 | per unit |
Manufacturing overhead | $ | 85 | per unit |
Direct labor | $ | 105 | per unit |
Direct Materials | $ | 150 | per unit |
What is the prime cost per unit?
Multiple Choice
$490
$105
$255
$235
SOLUTION : | ||
Prime Cost : Direct cost related to production and service is a prime cost. | ||
Direct cost is Direct Labor and direct materials is included in prime cost. | ||
Prime Cost = Direct Material + Direct Labor | ||
Prime Cost Per Unit = Direct Material Per Unit + Direct Labor Per Unit | ||
Prime Cost Per Unit = $ 150 Per Unit + $ 105 Per Unit | ||
Prime Cost Per Unit = $ 255 Per Unit | ||
Answer = Option 3 = $ 255 | ||
Grover Company has the following data for the production and sale of 1,000 units. Sales...
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