QUESTION 9 A firm is reviewing a project with labor cost of $8.90 per unit, raw...
QUESTION 9
A firm is reviewing a project with labor cost of $8.90 per unit, raw materials cost of $21.63 per unit and fixed costs of $8,000 per month. Sales are projected at 10,000 units over the three-month life of the project.
What are the total variable costs of the project.
| A. |
$329,300 |
|
| B. |
$297,300 |
|
| C. |
$313,300 |
|
| D. |
$305,300 |
|
| E. |
$216,300 |
Homework Answers
In this case, Labor cost and Raw Materials cost are only variable cost.
Sales unit = 10,000
Labor Cost per unit = $ 8.90
Raw Materials Cost per unit = $ 21.63
Total Variable Costs = Total Labor Costs + Total Raw Materials Cost
= ( Sales Unit * Labor Cost per unit) + ( Sales Unit * Raw Materials Cost per unit )
= ( 10,000 * $ 8.90 ) + ( 10,000 * $ 21.63)
= $ 89,000 + $ 216,300
= $ 305,300
ANS: D. $ 305,300
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QUESTION 9
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Question 9
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Question 9
Sheridan Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $7.00 per pound
$ 7.00
Direct labor—1.5 hours at $11.10 per hour
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Variable manufacturing overhead
9.00
Fixed manufacturing overhead
9.00
Total standard cost per unit
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The predetermined manufacturing overhead rate is $12.00 per direct
labor hour ($18.00 ÷ 1.5). It was computed from a master
manufacturing overhead budget based on normal production of 9,000
direct...
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Kingbird Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—1 pound plastic at $6.00 per pound
$ 6.00
Direct labor—1.5 hours at $12.20 per hour
18.30
Variable manufacturing overhead
9.00
Fixed manufacturing overhead
15.00
Total standard cost per unit
$48.30
The predetermined manufacturing overhead rate is $16.00 per direct
labor hour ($24.00 ÷ 1.5). It was computed from a master
manufacturing overhead budget based on normal production of 8,700
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