Computing Unit Cost Comacho Chemical Co. recorded costs for the month of $18,900 for materials, $44,100...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://dsd5zvtm8ll6.cloudfront.net/questions/2024/06/6675753327785_1718973746193.jpg)
Transcribed Image Text:
Computing Unit Cost Comacho Chemical Co. recorded costs for the month of $18,900 for materials, $44,100 for labor, and $26.250 for factory overhead. There was no beginning work in process, 8.000 units were finished, and 3,000 units were in process at the end of the period, two-thirds completed. Compute the month's unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.) Round interim computations to SIX decimal places. Cost Element Materials Labor Factory overhead Total Unit Cost Computing Unit Cost Comacho Chemical Co. recorded costs for the month of $18,900 for materials, $44,100 for labor, and $26.250 for factory overhead. There was no beginning work in process, 8.000 units were finished, and 3,000 units were in process at the end of the period, two-thirds completed. Compute the month's unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.) Round interim computations to SIX decimal places. Cost Element Materials Labor Factory overhead Total Unit Cost
Expert Answer:
Answer rating: 100% (QA)
Here is the corrected answer based on the provided question and the reason for rejection To com... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Consult Paragraphs 65-66 of PCOAB Auditing Standard No. 12. Based on your understanding of fraud risk assessment, what three conditions are likely to be present when a fraud occurs (that is, the...
-
Robinson, Inc. had outstanding $5 million of 11% bonds (interest payable July 31 and January 31) due in 10 years. On July 1, it issued $7 million of 15-year, 10% bonds (interest payable July 1 and...
-
Why would EMV chip-and-PIN cards be more secure than older magnetic stripe cards?
-
The CFO of X, a brokerage firm and SEC registrant (the Company), tells you that the Company is contemplating a sale of one of its reporting units, G, a wholly owned subsidiary of the Company located...
-
a-e Question 15 University Industries has fixed costs of $900,000. Its selling price per unit is $250, and variable cost per unit is $130. Calculate the following: Do not use commas or dollar signs...
-
Assume that the Earth is a uniform sphere rotating about its axis in its usual counter-clockwise direction (that is, west to east). A plumb line hangs motionless from a suspension point above a point...
-
Alexon SL is an electronics business with eight product lines. Profit data for one of the products (XT-107) for the month just ended (June 2008) are as follows: Sales, 200 000 units at average price...
-
Jamison Company has two service departments and two producing departments. Square footage of space occupied by each department follows: Custodial services General administration Producing Department...
-
E m = An electric field E 100000 i N/C causes the point charge of q = 28 nC to hang at an angle 0 (see figure above). What is 0 if the mass of the point charge is 2.75 g? Submit Answer Tries 0/10
-
Carla Vista Inc. manufactures a single product in a continuous processing environment. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout...
-
At the beginning of year 1, Unbalanced Bank makes a three-year, fixed-rate loan to Butterfly Corp. Butterfly promises to repay Unbalanced in three installments of $100 each year at the ends of years...
-
What are the the influence of policies on physical activity, including government regulations, urban planning, and school policies in Boston MA or UMB using a scholarly website with evidence
-
Most of Stone Jewelrys sales are on the stores charge cards and are collected evenly over 120 days. If about 80 percent of the stores sales are in November and December, in which months will reported...
-
When are gains generally recognized? Why are different standards used in the recognition of gains and losses?
-
When is the term cost of goods sold used in the income statement and what does it mean?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App