A product cost is composed of the following:
Direct materials |
$15.00 |
|
Direct labor |
$3.00 |
|
Manufacturing overhead |
$7.00 |
The product sells for $90.00 and a 5% commission is paid to a salesperson for every unit sold. Management accountants also estimate that storage cost per unit averages $0.50 per unit. What is the full cost of the product?
The full cost of the Product | $30.00 |
Direct materials | $15.00 |
Dierct labor | $3.00 |
Manufacturing overhead | $7.00 |
Commission ($90.00 x 5%) | $4.50 |
Storage Cost | $0.50 |
$30.00 | |
A product cost is composed of the following: Direct materials $15.00 Direct labor $3.00 Manufacturing overhead...
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Per unit cost Per period Cost Direct Material 3.00 Direct Labor 7.00 Variable Manufacturing Overhead 1.00 Fixed Manufacturing Overhead 40,000 Variable Selling expense 2.00 Fixed Selling expense 15,000 The Selling price per unit is $35.00 and the company made and sold 10,000 units. What is the gross profit per unit? Answer: age
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