The Smiling Place manufactures extra-whitening toothpaste. During 2002, the company had the following costs: Direct materials used

The Smiling Place manufactures extra-whitening toothpaste. During 2002, the company had the following costs:

 

 

Transcribed Image Text:

Direct materials used $41,000 Direct labor 28,000 Factory rent 12,000 Equipment depreciation-factory 4,000 Equipment depreciation-office 750 Marketing expense 3,500 Administrative expenses 50,000 45,000 units were produced in 2002. Required A. What are the total product costs for 2002? B. What is the product cost per unit? C. What are the total nonmanufacturing costs for 2002? D. What is the net income for 2002 if 40,000 units are sold for $4 each? Direct materials used $41,000 Direct labor 28,000 Factory rent 12,000 Equipment depreciation-factory 4,000 Equipment depreciation-office 750 Marketing expense 3,500 Administrative expenses 50,000 45,000 units were produced in 2002. Required A. What are the total product costs for 2002? B. What is the product cost per unit? C. What are the total nonmanufacturing costs for 2002? D. What is the net income for 2002 if 40,000 units are sold for $4 each?

Answer rating: 100% (QA)

A The total product costs for 2002 can be calculated by adding direct materials direct labor factory ... View the full answer