During its first year of operations, Beta Company paid $27,640 for direct materials and $18,200 in wages for production workers. Lease payments and utilities on the production facilities amounted to $7,200. General, selling, and administrative expenses were $8,200. The company produced 5,200 units and sold 4,200 units for $15.20 a unit. The average cost to produce one unit is which of the following amounts? (Round your final answer to 2 decimal places.)

3.

During its first year of operations, Silverman Company paid $11,360 for direct materials and $11,100 for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,100 while general, selling, and administrative expenses totaled $3,400. The company produced 7,400 units and sold 4,600 units at a price of $6.90 a unit. What was Silverman's net income for the first year in operation? (Do not round intermediate calculations.)

4.

Ken believes his company's overhead costs are driven (affected) by the number of direct labor hours because the production process is very labor intensive. During the period, the company produced 4,800 units of Product A requiring a total of 780 labor hours and 2,300 units of Product B requiring a total of 180 labor hours. What allocation rate should be used if the company incurs overhead costs of $17,280?

$18.00 per labor hour

$2.43 per unit

$22.15 per labor hour for Product A and $96 per labor hour for Product B

None of these.

5.

The following information relates to Betty's Manufacturing for 2013:

Raw materials used	$	9,800
Direct labor wages		29,800
Sales salaries and commissions		24,800
Depreciation on production equipment		1,980
Rent on manufacturing facilities		14,800
Packaging and shipping supplies		2,980
Sales revenue		107,800
Units produced and sold		9,800
Selling price per unit	$	11.00

Based on this information, what is the company's cost of goods sold for 2013? (Do not round intermediate calculations.)

$65,220

$42,580

$59,360

$84,160

6.

During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrative expenses totaled $8,000. The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit. What is Silverman's cost of goods sold for the year?

$50,000

$24,600

$30,000

$41,000