Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blus Jays Corporation has provided the following information Cost per Cost per period Unit $5.60 $3.90 $1.50 Direct material (DM) Direct labor (DL) Variable manufacturing

image text in transcribed

Blus Jays Corporation has provided the following information Cost per Cost per period Unit $5.60 $3.90 $1.50 Direct material (DM) Direct labor (DL) Variable manufacturing overhead (VMOH) Fixed manufacturing overhead (FMOH) Sales commissions Variable administrative expense Fixed selling and administrative expense $22,500 $0.50 $0.40 $7,500 Instructions: Show all your calculation in details. a) For financial reporting purposes, what is the total amount of product costs incurred to make 5,000 units? (5 marks) b) For financial repoting purposes, what is the amount of period costs incurred to sell 5,000 units? (4 marks) c) If the selling price is $23.10 per unit, what is the contribution margin per unit sold? You may round your answer to 2 decinal places. (5 marks) d) If 6,000 units are produced, what is the toal amount of direct manufacturing cost incurred? (3 marks) e) If 6,000 units are produced, what is the toal amount of indirect manufacturing cost incurred

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

Students also viewed these Accounting questions

Question

What aspects would it be impossible to capture?

Answered: 1 week ago

Question

Enhance your words with effective presentation aids

Answered: 1 week ago