Answer :-
a)Total cost of producing 2000 glasses are as follows -
No. of unit Produced = 2000 glasses
Total cost = Total fixed cost + Total variable cost
Total fixed cost = Fixed Manufacturing overhead × No. of unit
Total Fixed cost = $ 50 × 1000 = $ 50,000
The plant has capacity for producing 3000 glasses .So upto 3000 unit of production fixed cost would be $ 50,000.
Total variable cost = ( Direct Material cost + Direct Manufacturing labour cost + Variable Manufacturing overhead ) × No. of unit Produced
Total variable cost = ( $200 + $40 + $70 ) × 2000
Total variable cost = $ 620,000
Total cost = $50,000 + $620,000
Total cost = $670,000
Total cost of 2000 glasses is $670,000
In Fixed Manufacturing overhead ,Plant supervisor salary is already included so it will added anywhere.
b) Total cost of producing 1600 glasses are as follows -
No. of unit Produced = 1600 glasses
Total cost = Total fixed cost + Total variable cost
Total fixed cost = Fixed Manufacturing overhead × No. of unit
Total Fixed cost = $ 50 × 1000 = $ 50,000
The plant has capacity for producing 3000 glasses .So upto 3000 unit of production fixed cost would be $ 50,000.
Total variable cost = ( Direct Material cost + Direct Manufacturing labour cost + Variable Manufacturing overhead ) × No. of unit Produced
Total variable cost = ( $200 + $40 + $70 ) × 1600
Total variable cost = $ 496,000
Total cost = $50,000 + $496,000
Total cost = $546,000
In Fixed Manufacturing overhead ,Plant supervisor salary is already included so it will added anywhere.
c) Cost Per unit of producing 1500 glasses are as follows-
No. of unit Produced = 1500 glasses
To find out cost per unit we first find out Total cost of 1500 glasses.
Total cost = Total fixed cost + Total variable cost
Total fixed cost = Fixed Manufacturing overhead × No. of unit
Total Fixed cost = $ 50 × 1000 = $ 50,000
The plant has capacity for producing 3000 glasses .So upto 3000 unit of production fixed cost would be $ 50,000.
Total variable cost = ( Direct Material cost + Direct Manufacturing labour cost + Variable Manufacturing overhead ) × No. of unit Produced
Total variable cost = ( $200 + $40 + $70 ) × 1500
Total variable cost = $ 465,000
Total cost = $50,000 + $ 465,000
Total cost = $ 515,000
Total cost of 1500 glasses is
Cost Per unit = Total cost / No. Of unit Produced
Cost per unit = $ 515,000 / 1500 glasses
Cost per unit = 343.333 per unit
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