Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dayton, Inc. manufactured 15,000 units of product last month and identified the following costs associated with the manufacturing activity. Variable costs: Direct materials used $

Dayton, Inc. manufactured 15,000 units of product last month and identified the following costs associated with the manufacturing activity.

Variable costs:
Direct materials used $ 1,043,000
Direct labor 2,056,000
Indirect materials and supplies 233,000
Power to run plant equipment 210,000
Fixed costs:
Supervisory salaries 928,000
Plant utilities (other than power to run plant equipment) 283,000
Depreciation on plant and equipment (straight-line, time basis) 148,000
Property taxes on building 190,000

Required:

Unit variable costs and total fixed costs are expected to remain unchanged next month. Calculate the unit cost and the total cost if 21,000 units are produced next month. (Round "Unit costs" to 2 decimal places.)

Total variable costs

Total fixed costs

Total costs

Unit costs

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

Accounting For Non-Accountants

Authors: David Horner

12th Edition

1789664306, 9781789664300

More Books

Students also viewed these Accounting questions

Question

Do teachers across cultures differ in immediacy? Explain.

Answered: 1 week ago