Direct materials cost $10 per unit, direct labour is $7 per unit, and overhead cost is...
Direct materials cost $10 per unit, direct labour is $7 per unit, and overhead cost is applied at 130% of direct labour costs. The 6,000 units of beginning goods in progress were 100% complete as to materials, and 50% complete as to labour and overhead. The total production costs of the current period assigned to the beginning units is : a. $96,600
b. $48,300
c. $73,400
d. $54,300
Homework Answers
Equivalent units = 6,000 X 50%
= 3,000 units
Direct labor cost = 3,000 X $7
= $21,000
Overhead cost applied = 3,000 X $7 X 130%
= $27,300
Total cost = $21,000 + $27,300
= $48,300
Option b.
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