what is cost per unit
If labor costs $30 per hour and materials cost $20 per pound and one unit of production requires 4 hours of labor and 6.5 pounds of material what is the cost per unit>
$50 | |
$10.50 | |
$250 | |
$275 |
Homework Answers
Labor cost = $30 per hour
One unit of Production = 4 hour
Total labor cost for one unit production = $30 * 4 = 120
Material cost = $20 per pound
One unit of production use material = 6.5 pound
Total material cost = 6.5*$20 = $130
Cost per unit = Total labor cost + Total material cost
Cost per unit = $120+$130 = $250
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
1. What raw materials cost would be included in the company’s planning budget for March? 13. What variable manufacturin...
1. What raw materials cost would be included in the company’s
planning budget for March?
13. What variable manufacturing overhead cost would be included
in the company’s flexible budget for Marc
14. What is the variable overhead rate variance for March?
(Round the actual overhead rate to two decimal places.
Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance.). Input all amounts as positive
values.)
15. What...
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown b...
Rogen Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—3 pound plastic at $6.00 per pound
$ 18.00
Direct labor—1.5 hours at $11.00 per hour
16.50
Variable manufacturing overhead
10.50
Fixed manufacturing overhead
7.50
Total standard cost per unit
$52.50
The predetermined manufacturing overhead rate is $12 per direct
labor hour ($18.00 ÷ 1.5). It was computed from a master
manufacturing overhead budget based on normal production of 7,800
direct labor hours...
81) Assume the following information appears in the standard cost card for a company that makes...
81) Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or hours Standard Price or Rate Standard Cost Direct materials 5 pounds $ 11.00 per pound $ 55.00 Direct labor 2 hours $ 17.00 per hour $ 34.00 Variable manufacturing overhead 2 hours $ 3.00 per hour $ 6.00 During the most recent period, the following additional information was available: 19,200 pounds of material was purchased at a cost...
Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilag...
Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is .3 pounds and .1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $.10 per pound, and receiving and handling costs are $.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.30 will go into effect soon. Payroll taxes are...
Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for...
Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is .3 pounds and .1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $.10 per pound, and receiving and handling costs are $.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $.30 will go into effect soon. Payroll taxes are...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit@ $5 per hour $10 per unit Actual production figures for the past year are given below The company records the materials price variance when materials are purchased Units produced.. 600 units 2,000 pounds si1,400 S9,240 S5,720 Direct material...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced 600 units Direct material used .......
During June, Danby Company’s material purchases amounted to 8,000 pounds at a price of $6.20 per...
During June, Danby Company’s material purchases amounted to 8,000 pounds at a price of $6.20 per pound. Actual costs incurred in the production of 2,500 units were as follows: Direct labor: $ 121,506 ($15.40 per hour) Direct material: $ 32,798 ($6.20 per pound) The standards for one unit of Danby Company’s product are as follows: Direct Labor: Direct Material: Quantity, 3 hours per unit Quantity, 2 pounds per unit Rate, $15.00 per hour Price, $5.90 per pound Required: Fill...
Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per...
Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $7.50 Direct labor 5 hours at $7.50 per hour 37.50 Actual results: Units produced Direct materials purchased 7,800 units 26,000 pounds at $2.70 23,100 pounds at $2.70 $70,200 Direct materials used 62,370 Direct labor 40,100 hours at $7.30 292,730 The direct-labor rate variance is: O$7,800F. O$7.950F $8,020F. O$8,000U None of these.
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
1. What raw materials cost would be included in the company’s
planning budget for March?
13. What variable manufacturing overhead cost would be included
in the company’s flexible budget for Marc
14. What is the variable overhead rate variance for March?
(Round the actual overhead rate to two decimal places.
Indicate the effect of each variance by selecting "F" for
favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero variance.). Input all amounts as positive
values.)
15. What...
Rogen Corporation manufactures a single product. The standard
cost per unit of product is shown below.
Direct materials—3 pound plastic at $6.00 per pound
$ 18.00
Direct labor—1.5 hours at $11.00 per hour
16.50
Variable manufacturing overhead
10.50
Fixed manufacturing overhead
7.50
Total standard cost per unit
$52.50
The predetermined manufacturing overhead rate is $12 per direct
labor hour ($18.00 ÷ 1.5). It was computed from a master
manufacturing overhead budget based on normal production of 7,800
direct labor hours...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit@ $5 per hour $10 per unit Actual production figures for the past year are given below The company records the materials price variance when materials are purchased Units produced.. 600 units 2,000 pounds si1,400 S9,240 S5,720 Direct material...
The Litton Company has established standards as follows: Direct material: 3 pounds per unit @ $4 per pound = $12 per unit Direct labor: 2 hours per unit @ $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit @ $5 per hour = $10 per unit Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased. Units produced 600 units Direct material used .......
Cost standards for one unit of product no. C77: Direct material 3 pounds at $2.50 per pound $7.50 Direct labor 5 hours at $7.50 per hour 37.50 Actual results: Units produced Direct materials purchased 7,800 units 26,000 pounds at $2.70 23,100 pounds at $2.70 $70,200 Direct materials used 62,370 Direct labor 40,100 hours at $7.30 292,730 The direct-labor rate variance is: O$7,800F. O$7.950F $8,020F. O$8,000U None of these.
Most questions answered within 3 hours.
-
How can bacteria resist killing from cationic antimicrobial
peptides (CAMPs)? Choose all that apply. a. Use...
asked 57 seconds ago -
As an economic term, what is the definition of :Technological
Trends? Please try and keep the...
asked 2 minutes ago -
Labor demand will be less elastic in those labor markets in
which:
A.
the price elasticity...
asked 3 minutes ago -
5 situations are listed below and 8 reduction chemicals are
listed A-H below, match the letters...
asked 8 minutes ago -
1. If more spouses decide to quit their jobs to stay home with
their young children...
asked 12 minutes ago -
Please use algebraic manipulation to prove the following
statement:
x'y'z' + x'yz' + x'yz + xyz'...
asked 13 minutes ago -
3.Another patient has a family history in which:
1. the disease was equally distributed among the...
asked 16 minutes ago -
If you are the TM of a shipper of cooking oil the sales
department wants to...
asked 14 minutes ago -
NEED THIS URGENTLY PLEASEEE
Suppose a fair coin is tossed 5 times and the result are...
asked 23 minutes ago -
Find the magnetic field B produced by several circular loops of
which has a radius given...
asked 31 minutes ago -
A mole of monatomic ideal gas is expanded from 0.45 L to 0.75L
at an external...
asked 30 minutes ago -
Carbon dioxide (CO2) gas is steadily pressurized and cooled by
sending it sequentially through a compressor...
asked 34 minutes ago
> $ 250
douglasmboga45 Mon, Jan 17, 2022 10:56 AM