Pima, Inc. manufactures calculators that sell for $49 each. Each calculator uses $18 in direct materials...
Pima, Inc. manufactures calculators that sell for $49 each. Each calculator uses $18 in direct materials and $8 in direct labor per unit. Pima has two activities: Machining, which is applied at the rate of $4 per machine hour, and Finishing, which is applied at the rate of $20 per batch. This month, Pima made 430 calculators, using 1,075 machine hours in 43 batches. What is the gross profit for one calculator?
Homework Answers
In order to calculate gross profit for one calculator we need to calculate the manufacturing cost per calculator
Manufacturing cost per calculator is
| Particulars | Amount |
| Direct Materials | $ 18 |
| Direct Labor | $ 8 |
| Machining (4 X 1075 / 430) | $ 10 |
| Finishing | $ 2 |
| Total manufacturing cost | $ 38 |
Sale price = $ 49 per calculator
Profit per calculator = 49 - 38 = $ 11
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Labels for part 1
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Direct materials
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Number of batches
Number of customers
Number of machine hours
Number of modifications
Number of parts
Number of setups
Overhead costs
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Labels for part 1
Customer service costs
Direct labor costs
Direct labor hours
Direct materials
Inspection hours
Number of batches
Number of customers
Number of machine hours
Number of modifications
Number of parts
Number of setups
Overhead costs
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