Question
Need help with A and B.. This is one whole problem so politely skip if you cant answer both A and B :) TYIA Exer
Need help with A and B.. This is one whole problem so politely skip if you cant answer both A and B :) TYIA
Exer 11-1 (also in your book at end of chapter)
Parsons Company is planning to produce 2,000 units of product in 2022. Each unit requires 3 pounds of materials at $5 per pound and a half-hour of labor at $16 per hour. The overhead rate is 70% of direct labor.
Instruction
(a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead.
(b) Compute the standard cost of one unit of product.
(a) Item | YOUR calculation (What # x What #) | Total Budget $ |
Direct Materials | ||
Direct Labor | ||
Overhead | ||
Total |
UNIT Cost (as in ONE piece, ONE unit, ONE item, one, uno, iti, yi, eins, nueng, un, moja)
(b) Per UNIT | YOUR calculation (What # x What #) | UNIT Cost $ |
UNIT Direct Materials | ||
UNIT Direct Labor | ||
UNIT Overhead | ||
UNIT Cost Total |
(Ya think maybe Ive had students submit total costs for this answer before OFTEN?)
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