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Almond Dream Krispy Krackle Greamy Crunch Product costs Labor-hours per case 7 3 1 Total cases produced 1,000 1,000 1,000 Material cost per case $8
Almond Dream | Krispy Krackle | Greamy Crunch | |
Product costs | |||
Labor-hours per case | 7 | 3 | 1 |
Total cases produced | 1,000 | 1,000 | 1,000 |
Material cost per case | $8 | $2 | $9 |
Direct labor cost per case | $42 | $18 | $6 |
Labor-hours per product | 7,000 | 3,000 | 1,000 |
Total overhead = $69,500 | |||
Total labor-hours = 11,000 | |||
Direct labor costs per hour = $6 | |||
Allocation rate per labor-hour | 6.32 | 6.32 | 6.32 |
Costs of products | |||
Material cost per case | $8 | $2 | $9 |
Direct labor cost per case | $42 | $18 | $6 |
Allocated overhead per case(to be computed) | 44.23 | 18.95 | 6.32 |
Product cost | |||
Selling Price | $85 | $55 | $35 |
Product cost | 94.26 | 38.96 | 21.32 |
Gross Margin | |||
Gross Margin Percentages | |||
I need help find the product cost and gross margin.
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