Homework Answers
1) Total Cost = Direct material + Direct labor + overhead cost
Direct materials:
Wood = $4800 (4000*1.20)
Glass = $2240 (400*5.60)
Cardboard = $250 (500*0.50)
Total $7290
Direct Labor = $59840 (22*160*17)
Overhead Cost = $55000
Total Cost = $7290 + $59840 + $550000
Total Cost = $122130
2) Per unit cost = Total cost/quantity produced
Per unit Cost = 122130/900
Per unit cost = $135.70
3) Gross Margin = Sales revenue - cost of goods sold
Gross Margin = $225000 (900*250) - $122130
Gross Margin = $102870
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