Hi could you please do question 2, I got the number in the answer box but it is incorrect and I am confused on how what I did wrong. Thank you in advance!
Leather used for Bicycle Seats(1230*$33) | $ 40,590 | |
Production manager salary | $ 6,150 | |
Electricity used in production facilities[$115+(1230*$4)] | $ 5,035 | |
Employee benefits for production worker(1230*8 hrs*$20*20%) | $ 39,360 | |
Property taxes on Production facilities | $ 1,150 | |
Manufacturing Cost for December | $ 92,285 | |
Note: | ||
The Electricity used in production facilities is a Mixed Cost, The Fixed portion is $115 and the Variable portion is as follows: | ||
Variable cost per unit =($4,235 - $3,835) / (1030 - 930) =$400 / 100 units =$4 per unit | ||
Hi could you please do question 2, I got the number in the answer box but...
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PLEASE SOLVE Question 2 only: Cycle Business manufactures and sells road and mountain bikes through a network of retail outlets in western Canada. Below is a partial list of expense items incurred in the most recent month (November), when 1,090 bicycles were manufactured, shipped, and sold. There was no beginning or ending work in process or finished goods inventory in November Item Units produced and sold Sales October 990 November 1,090 Leather used for the bicycle seats Production manager's salary...
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