Q1. At a production level of 5,000 units, the budgeted product cost per unit is:
Direct materials |
$30 |
Direct labour |
$10 |
Fixed factory overhead |
$6 |
Variable factory overhead |
$4 |
Total |
$50 |
Required:
Calculate the following budgeted per unit costs if expected productionis 8,000 units:
Q1. At a production level of 5,000 units, the budgeted product cost per unit is: Direct...
The estimated unit cost for CNR Inc. when its operating at a production and sales level of 12,000 units, are as follows: Cost Item Estimated Unit Cost Direct Materials $32 Direct Labor Variable factory overhead Fixed Factory overhead Variable marketing Fixed marketing Required: a identify the estimated conversion cost per unit. b. Identify the estimated prime cost per unit c. Determine the estimated total variable cost per unit. d. Compute the total cost that would be incurred during a month...
The PQ company has budgeted sales for 100,000 units of its product for 2019. Expected unit costs, based on past experience, is estimated to be Sh 60 for direct materials, Sh 40 for direct labour, and Sh 30 for production overheads. Assume no opening or closing stocks in process. PQ begins the year with 40,000 finished units on hand but budgets the closing finished goods inventory at only 10,000 units. Required: Compute the budgeted production costs for 2019. Hint: Budgeted...
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Rogen uses the standard cost system. The Static original budgeted production was 5,000 units for October. The Input standards were: Std Quantity x Std Price per input =Std Cost per Output U Direct materials 1 lb./Output unit x $7/b. = $7 per output unit Direct labor 1.6 hrs. /Output unit x $12/hr. = $19.20 per unit Variable manufacturing (Mfg.) overhead 1.6 hrs. x $7.50 per hr = $12 per unit Fixed mfg. overhead (Budget $20,000) 1.6 hrs.. x $2.50 per...
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