A local barbershop cuts the hair of 1,300 customers per month. The clients are men, and the
Question:
A local barbershop cuts the hair of 1,300 customers per month. The clients are men, and the barbers offer no special styling. During the month of May, 1,300 customers were serviced. The cost of haircuts includes the following:
Direct labor $12,900
Direct materials 1,500
Overhead 2,500
Total $16,900
Required:
Calculate the cost per haircut.
$ per haircut
JIT Manufacturing and Process Costing
Friedman Company uses JIT manufacturing. There are several manufacturing cells set up within one of its factories. One of the cells makes stands for flat-screen televisions. The cost of production for the month of April is given below.
Cell labor $55,000
Direct materials 290,000
Overhead 105,000
Total $450,000
During April, 30,000 stands were produced and sold.
Required:
Calculate the cost per unit for a stand.
$ per unit