Question: Find these 6 values. Thank you. DIRECT MATERIALS QUANTITY PER UNIT 10 UNIT COST $20 TOTAL UNIT MATERIAL COST ? PRODUCT LABOR HOURS PER UNIT

Find these 6 values. Thank you.

DIRECT MATERIALS QUANTITY PER UNIT 10

UNIT COST $20

TOTAL UNIT MATERIAL COST ?

PRODUCT LABOR HOURS PER UNIT 20

LABOR RATE PER HOUR $10

TOTAL UNIT LABOR COST ?

APPLIED MANUFACTURING OVERHEAD UNIT COST ?

TOTAL PRODUCT COST ?

QUANTITY TO BE PRODUCED 25,000

SELLING PRICE- THREE TIMES UNIT COST ?

MANUFACTURING OVERHEAD COST:

1. DEPRECIATION $400,000

2. UTILITIES $150,000

3. SUPPLIES $150,000

4. TAXES $100,000

5. INSURANCE $200,000

ESTIMATED TOTAL COST $1,000,000

ESTIMATED TOTAL LABOR HOURS 500,000

PREDETERMINED OVERHEAD RATE ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!