Homework Answers
a. Total Product Cost = (DM + DL + Variable MOH)*7000 + Fixed MOH
= (6+4.1+1.7)*7000 + 28000
= 82600+28000
= $110600
b. Total Period Cost = (Sales commission + Variable administrative overheads) * 7000 + 9100
= (0.4+0.3)*7000 + 9100
= 4900 + 9100
= $14000
c. If Selling Price = $23.50
Contribution MArgin = Selling Price - Variable Expenses
= 23.5 - (6+4.1+1.7+0.4+0.3)
= 23.5 - 12.5
= $11
d. Direct Manufacturing Cost for 8000 Units = ( DM + DL + Variable MOH + Sales Commission )*8000
= (6+4.1+1.7+0.4)*8000
= $97600
e. Indirect Manufacturing Cost = Fixed MOH + Fixed Selling and Administrative Overhead + Variable Administrative Overhead
= 28000 + 9100 + 8000*0.3
= $ 39500
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