Penny's direct material cost is $2 per unit The direct labor rate is $18 per hour and each units takes 2 hours to produce Variable manufacturing overhead is $2 per unit and total budgeted fixed overhead is $6,000 A sales commission of $4 is paid on each unit If Penny expects to produce 3,700 units and sell 1,100 units, what is the budget cost of goods sold per unit Round your answer to the nearest 2 decimal places Penny's direct material cost is $2 per unit The direct labor rate is $18 per hour and each units takes 2 hours to produce Variable manufacturing overhead is $2 per unit and total budgeted fixed overhead is $6,000 A sales commission of $4 is paid on each unit If Penny expects to produce 3,700 units and sell 1,100 units, what is the budget cost of goods sold per unit Round your answer to the nearest 2 decimal places

The Answer is in the image, click to view ...

Question: Penny's direct material cost is $2 per unit. The direct labor rate is $18 per hour and each units takes 2 hours to produce. Variable

Penny's direct material cost is $2 per unit. The direct labor rate is $18 per hour and each units takes 2 hours to produce. Variable manufacturing overhead is $2 per unit and total budgeted fixed overhead is $6,000. A sales commission of $4 is paid on each unit. If Penny expects to produce 3,700 units and sell 1,100 units, what is the budget cost of goods sold per unit? Round your answer to the nearest 2 decimal places

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!

On January 1, 2023, PondBlue Company purchased 100 percent of the outstanding voting stock of SweetWater, Inc., for $1,000,000 in cash and other consideration. At the purchase date, SweetWater had...

XYZ Company expects to produce and sell 15,000 units during the next year with no beginning or ending inventories. Budgeted direct material cost is $8 per unit, budgeted direct labor cost is $5 per...

Pennys direct material cost is $7 per unit. The direct labor rate is $13 per hour and each units takes hour to produce. Variable manufacturing overhead is $4 per unit and total budgeted fixed...

Penny's direct material cost is $3 per unit. The direct labor rate is $17 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $1 per unit and total budgeted fixed...

Pennys direct material cost is $7 per unit. The direct labor rate is $13 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $4 per unit and total budgeted fixed...

Penny's direct material cost is $ 9 per unit. The direct labor rate is $ 1 2 per hour and each units takes 1 / 4 hour to produce. Variable manufacturing overhead is $ 1 per unit and total budget...

Emmitt's direct material cost is $5 per unit. The direct labor rate is $10 per hour and each units takes 1/2 hour to produce. Variable manufacturing overhead is $3 per unit and total budgoted fixed...

Emmitt's direct material cost is $7 per unit. The direct labor rate is $13 per hour and each units takes hour to produce Variable manufacturing overhead is $4 per unit and total budgeted fixed...

Emmitts direct material cost is $9 per unit. The direct labor rate is $16 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $1 per unit and total budgeted fixed...

Bemmitt's direct material cost is $4 per unit. The direct labor rate is $17 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $2 per unit and total budgeted fixed...

Bemmitts direct material cost is $3 per unit. The direct labor rate is $16 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $2 per unit and total budgeted fixed...

What objectives of financial reporting does the cash flow statement serve? Explain

Recent family home sales in San Antonio provided the following data (San Antonio Realty Watch website, November 2008). a. Develop the estimated regression equation that can be used to predict the...

Investment Banker Flow \ # 1 Borrowers ( Businesses ) Assists in the issuance of securities and receives fees from the issuers. Flow \ # 1 This form of exchange involves:

Which of the following are problems with identifying users of ABC? Multiple select question. ABC means different things to different organizations. Organizations will announce the discontinuance of...

(Appendices) ENDING INVENTORY, COST OF GOODS SOLD, AND GROSS MARGIN. Wilson Company sells a single product. At the beginning of the year, Wilson had 120 units in stock at a cost of $8 each. During...

(Appendices) PURCHASES RECORDED GROSS. Dawson Enterprises uses the periodic system and records purchases gross. On a recent day, Dawson engaged in the following three transactions: LO2 a) Purchased...

(Appendices) PURCHASES RECORDED NET. Clean Wheels Car Wash purchased $54,200 (list price) of soap for its car-washing machines. The seller offered credit terms of 2/10, n/20. Clean Wheels records...