MC TOOLS makes hammers. The requirements to make 1 hammer are:

Materials .5 pounds at a cost of $12 per pound

Labor 6 minutes per hammer at a cost of $10 per hour

Variable Overhead is assigned at 25% of labor and fixed overhead is $260,100 monthly

MC TOOLS sales in March were 510,000 units

Projected Sales are:

An increase of 2% in April (from march sales)

May sales projection are 516,000 units

MC TOOLS finished goods inventory policy is to keep in inventory 40% of next month sales. Actual inventory is 170,000 units. MC TOOLS raw materials inventory policy is to keep in inventory 40% of next month production. Actual inventory is 205,000 pounds. May production is expected to be 518,000 units

REQUIRED:

a. CALCULATE APRIL SALES IN UNITS

b. CALCULATE APRIL PRODUCTION IN UNITS

c. CALCULATE APRIL's DIRECT LABOR COST

d. CALCULATE APRIL's DIRECT MATERIALS COST

e. CALCULATE APRIL's TOTAL OVERHEAD COST

f. CALCULATE PRODUCT COST