Answer:- (d) $12.00
Cost per tent = total manufacturing costs/ produced units
= (25000+11000+12000)/4000
=48000/4000 = $ 12
Arnold Furniture Company produced 4,000 chairs in July. The manufacturing costs were: Direct materials Direct labor...
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.05 $3.50 $1.65 $11,000 $1.00 $0.40 $ 5,500 If the selling price is $18.70 per unit, the contribution margin per unit sold is closest to: Multiple Choice o $1.80 o 0 $5.10 $5.10 o 0 $8.15 $8.15 o o $4.30 Rhome Corporation's relevant range of activity is...
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.75 $3.70 $1.35 $12,500 $1.00 $0.60 $ 6,300 If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: Multiple Choice О O $11,500 $24,200 О O $13,900 О O $17,900
ncome Statements under The reporting of the costs of manufactured products, normally direct materials, direct labor, and factory overhead, as product costs.Absorption Costing and The concept that considers the cost of products manufactured to be composed only of those manufacturing costs that increase or decrease as the volume of production rises or falls (direct materials, direct labor, and variable factory overhead).Variable Costing Gallatin County Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1 and operated...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
1. Cyber Construction's manufacturing costs for August when production was 1,000 units appear below: Direct Materials Direct Labor Variable Overhead Factory Depreciation Factory Supervisory Salaries Other Fixed Factory Costs $11,000 $8,500 $6,000 4,000 $9,800 $1,500 Compute the flexible budget manufacturing cost amount for a month when 900 units are produced Direct Materials Direct Labor Variable Overhead Factory Depreciation Factory Supervisory Salarie:s Other Fixed Factory Costs Total
Schwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.75 $3.70 $1.35 $12,500 $1.00 $0.60 $ 6,300 If 4,000 units are produced, the total amount of manufacturing overhead cost is closest to: Multiple Choice $11,500 $24,200 $13,900 $17,900
Kesterson Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $6.20 $3.10 $1.35 $14,000 $1.50 $0.40 $ 4,500 If 6,000 units are produced, the total amount of direct manufacturing cost incurred is closest to: Multiple Choice 0 $63,900 0 $55,800 0 $64,800 0 $80,700 Corporate legal office salaries $68,000 Shoe Department cost of sales--Brentwood $66,000 Store Corporate...
Average Cost per Unit Direct materials $ 6.80 Direct labor $ 3.50 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 0.75 Fixed administrative expense $ 0.60 Sales commissions $ 0.50 Variable administrative expense $ 0.50 Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 4,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 4,000 units? c. If...
The following costs were incurred in May: Direct materials $ 45,100 Direct labor $ 32,300 Manufacturing overhead $ 26,700 Selling expenses $ 17,900 Administrative expense $ 34,100 Prime costs during the month totaled:
Kesterson Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $7.00 $3.90 $1.40 $13,200 $1.80 $0.80 $ 6,600 If 5,500 units are produced, the total amount of indirect manufacturing cost incurred is closest to: Multiple Choice O $25,300 O $20,900 $13,200 o $7,700