The Cadbury chocolate factory, produce 3,000 chocolate bar. On December 28 the actual cost is for the

Fantastic news! We've Found the answer you've been seeking!

Question:

The Cadbury chocolate factory, produce 3,000 chocolate bar. On December 28 the actual cost is for the production. The actual cost for direct materials, 540$; Direct labor. 420$ and the actual overhead 210$.

Calculate the product unit cost using the actual costing method.

Related Book For answer-question

Fundamentals of Cost Accounting

ISBN: 978-0077398194

3rd Edition

Authors: William Lanen, Shannon Anderson, Michael Maher

See More Books

Posted Date: Jun 16, 2023 07:19 AM

See More Questions

Chocolate Bars, Inc. (CBI), manufactures creamy deluxe chocolate candy bars. The firm has developed three distinct products: Almond Dream, Krispy Krackle, and Creamy Crunch. CBI is profitable, but...
The Hampshire Company manufactures umbrellas that sell for $12.50 each. In 2014, the company made and sold 60,000 umbrellas. The company had fixed manufacturing costs of $216,000. It also had fixed...
The cost of manufactured products consists of direct materials, direct labor, and factory overhead. The reporting of all these costs in financial statements is called absorption costing. Absorption...
We look at the accumulated area beneath this curve, as in the definite integral as follows F(x) = f(t) dt -2 { F(x) = int_(-2)^x f(t) dt a) Use ordinary area formulas to compute each of the...
Draw the shear and moment diagrams for the beam. Units Used: kN = 103 N Given: w = 3 kN/m F = 10kN L = 6 m
A loop of wire is placed in a uniform magnetic field for what orientation of the loop is the magnetic flux a maximum? For what orientation is the flux zero?
When testing several hypotheses, it is reasonable to reject every hypothesis for which P < 0.05. In Exercises 5 and 6, determine whether the statement is true or false. If the statement is false,...
If you put $ 500 in the bank today and leave it for 10 years, will you have more money if the bank pays you 4.25 percent per annum in simple interest or 3.65 percent per year and compounds the...
Enterprise Company manufactures Product Stina using three different raw materials. The product details are as follows: Selling price per unit is R 2 5 0 0 . 0 0 Material A 3 kg R 3 5 per kg Material...
Santana Rey created Business Solutions on October 1, 2020. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up...
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,300...
A certain airline requires that the total outside dimensions (length + width + height) of a carry-on bag not exceed 47 inches. Suppose you want to carry on a bag whose length is twice its height....
Give your answer as the x - and y-components. Enter your answers in newtons per coulomb separated by a comma. View Available Hint(s) Hint 1. How to approach the question
A company is projected to generate free cash flows of $114 million per year for the next 3 years (FCFF1, FCFF2 and FCFF3). Thereafter, the cash flows are expected to grow at a 2.8% rate in...
Dicks Sporting Goods sells Pocket Radar Ball Coach for $299.99.This device costs the retailer $149.95. The wholesaler in the channel has a contribution per unit on each unit of $31.00. It costs the...
Big Co. owns 80% of Little Co. Little has the following trial balance which has been translated from Euros to Dollars: Euros Exchange rate Dollars Assets 400,000 1.25 500,000 Liabilities 100,000 1.25...
explain the process of a customer journey in an e-commerce business using a diagram?" To answer this question, you would need to create a customer journey map that outlines the different stages a...
What is a lobbyist in US? How did this term emerge?
Brighton, Inc., manufactures kitchen tiles. The company recently expanded, and the controller believes that it will need to borrow cash to continue operations. It began negotiating for a one-month...
Under what conditions are the results from using the direct method of allocation the same as those from using the other two methods? Why?
Utica Manufacturing (UM) was recently acquired by MegaMachines, Inc. (MM), and organized as a separate division within the company. Most manufacturing plants at MM use an ABC system, but UM has...
Assume that vapor pressure can be calculated from the Antoine equation and that Raoult's law can be used to calculate K values. For a binary flash system, derive an analytical expression for the drum...
Analytically solve the Rachford-Rice equation for V/F for a binary system.
Determine the effect of pressure on the temperature, separation, and diameter of a flash drum.

The Cadbury chocolate factory, produce 3,000 chocolate bar. On December 28 the actual cost is for the

Question:

Expert Answer:

To ascertain the item unit cost utilizing the real costing strategy ... View the full answer

Fundamentals of Cost Accounting

Students also viewed these accounting questions