Question: Using the following information answer the question listed below. ABC corp needs to figure out cost information pertaining to product D. Direct labor $60,000 Direct

  1. Using the following information answer the question listed below.

ABC corp needs to figure out cost information pertaining to product D.

Direct labor $60,000

Direct Materials 45% of OH

Overhead 92% of direct labor

Number of products produced 400 units

What is the cost of direct materials?

What is the cost of overhead?

What is the total cost of production?

What is the per unit cost?

What is the total prime cost?

What is the per unit prime cost?

What is the total conversion cost?

What is the per unit conversion cost?

What would be the selling price per unit if I need a 35% markup?

  1. Using the following please answer the questions below.

Direct materials $35,000

Direct Labor 3,500 hours @ $14.00 per hour

Overhead 65% of Direct materials

Total units produced 700

What is the total prime cost?

What is the per unit conversion cost?

What would the selling price per unit if you need 45% markup?

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