Fredrick Paulson Tie Co. manufactures neckties and scarves. Two overhead application bases are used; some overhead...
Fredrick Paulson Tie Co. manufactures neckties and scarves. Two overhead application bases are used; some overhead is applied on the basis of raw material cost at a rate of 140% of material cost, and the balance of the overhead is applied at the rate of $7.45 per direct labor hour.
Required:
Calculate the cost per unit of a production run of 525 neckties that required raw materials costing $2,090 and 70 direct labor hours at a total cost of $870. (Round your answer to 2 decimal places.)
Homework Answers
| Direct material | $ 2,090.00 |
| Direct labor | $ 870.00 |
| Overhead ($2,090*140%)+(70*$7.45) | $ 3,447.50 |
| Total cost | $ 6,407.50 |
| Cost per unit ($6,407.50/525) | $ 12.20 |
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