Hi, How can I figure out the direct material and direct labour with the information given below?
Question:
Hi, How can I figure out the direct material and direct labour with the information given below?
Please note under Vary with unit costs there are some ???. Those are what I would like you to help me to figure out. Thank you very much!
Product: Motor vehicle
Unit sales price $8,750
Unit sold 302
Fixed cost $180,900
Vary with Unit Costs:
Direct Material ???
Direct Labor ???
Other Vary-with-Unit Costs $174
Total Vary with Unit Costs ???
Vary-with-Revenue Costs:
Sales Commissions 3.0%
Other Vary-with-Revenue Costs 1.5%
Total price for components $2,041,02 including 33 components
The daily rate differs each person.
Total number of people work 8 people
Total daily rates $2,640 for 8 people
Total package for 8 people including annual pay, super and bonus is $55,439.41