Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company produces and sells 15,000 units of a product. Direct materials cost $20,00 per unit and the direct labour rate is $15.00 per DL

image text in transcribed
A company produces and sells 15,000 units of a product. Direct materials cost $20,00 per unit and the direct labour rate is $15.00 per DL hour. Each unit requires 1.20 DL hours to complete. The predetermined manufacturing overhead rate is based on DL hours at a rate of 57.50 per Dt hour. The company prices its product with a 40% margin , Calculate the cost per unit. Calculate the total sales revenue. Calculate the gross margin for the company Next page Choose... $1,189,960 $1,088,640 $41.90 $1,174,950 $1065,880 $987,000 $311,040 $475,950 $47.00 $304,560 $1813.400 $43.20 $282,000 $1,065,960 page

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

Financial Accounting

Authors: Jane L. Reimers

1st Edition

0131492012, 978-0131492011

More Books

Students also viewed these Accounting questions