Question: For 2020, The following data is compiled for James Construction. Sales in units for steel, 5,000, Wood 40,000. Direct material and labor cost per unit,

For 2020, The following data is compiled for James Construction. Sales in units for steel, 5,000, Wood 40,000. Direct material and labor cost per unit, steel $3,600, wood $2,600. Manufacturing overhead costs per unit, steel $1,800, Wood $2,400. Pricing coefficient, steel 2.2, wood 1.9
The following information has been provided for sales in 2020. Customer 1 placed an order for 54 steel fences and 25 wood fences. Customer 2 placed an order for 230 steel fences and 420 wood fences. Customer-related costs were $90,000 for customer 1 and $1,310,000 for customer 2
What is the selling price per unit for each product?

Step by Step Solution

3.38 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Calculation of total product cost per unit Steel Wood Direct material and labor M... View full answer

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 Finance Questions!