Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2019 is the first year of operations for Disctech, a manufacturer of discs. During the first month, the company manufactured 650,000 discs. Listed below are

image text in transcribed
2019 is the first year of operations for Disctech, a manufacturer of discs. During the first month, the company manufactured 650,000 discs. Listed below are some of Disctech's cost data for the first month: $ 117,000 84,500 Per Unit $0.18 $0.13 $0.06 Raw Materials used Labor-assembly (paid according to piece rate (per disc) Labor-shipping to customers Rent-factory Rent-warehouse for finished goods held for shipping Production supervisor salary Other fixed production costs Other fixed general and administrative costs Total Costs 39,000 13,000 6,500 $0.02 $0.01 6,500 45,500 13,000 325,000 $0.01 $0.07 $0.02 Based on the above information, what is the product unit cost of a disk under GAAP ? $0.38 $0.43 $0.41 $0.49

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Care And Counsel For Combat Trauma Training Program Workbook For Audit Only

Authors: Cru Military, American Association Of Christian Counselors, Light University, Karen D Watkins

1st Edition

0986363081, 978-0986363085

More Books

Students also viewed these Accounting questions

Question

6. Are my sources reliable?

Answered: 1 week ago

Question

5. Are my sources compelling?

Answered: 1 week ago