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Company RST is reviewing its production costs for the month of February. The following information is available: Total units produced: 95,000 Total direct materials cost:
Company RST is reviewing its production costs for the month of February. The following information is available:
- Total units produced: 95,000
- Total direct materials cost: $225,000
- Total direct labor cost: $190,000
- Total manufacturing overhead cost: $155,000
- Fixed selling and administrative expenses: $95,000
Requirements:
- Calculate the total manufacturing cost per unit.
- Determine the total cost of goods manufactured.
- Compute the total cost per unit including fixed selling and administrative expenses.
- Analyze the cost structure and recommend cost-saving measures.
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