Question
Q1.Haas & Milan produces rare apples with the following per-unit costs: Direct materials $9 Direct labor 20 Overhead 16 Last year, Haas & Milan produced
Q1.Haas & Milan produces rare apples with the following per-unit costs:
Direct materials | $9 |
Direct labor | 20 |
Overhead | 16 |
Last year, Haas & Milan produced and sold 1800 units at a sales price of $85 each. Total selling and administrative expense was $34,000. Total Gross profit was $72,000.
Cost of goods sold last year was?
Group of answer choices
$47,000
$81,000
$72,000
$9,000
Q2.Simple Ricks Inc. produces wafer cookies and has provided information for December 2019:
Sales | $750,000 | ||
Selling and administrative expenses | 88,000 | ||
Direct materials used | 35,000 | ||
Direct labor | 240,000 | ||
Overhead | 63,000 | ||
| Inventories | ||
| Dec. 1, 2019 | Dec. 31, 2019 | |
Direct materials | $13,000 | $23,000 | |
Work in process | 58,000 | 28,000 | |
Finished goods | 37,000 | 31,000 | |
The prime costs are:
Group of answer choices
$275,000
$98,000
$303,000
$265,000
Q3.Blips & Chitz Arcade manufactured 9,000 units of game simulators during the month of April. They incurred direct materials costs of $70,000 and overhead cost of $19,000. If their per-unit prime cost was $27.00 per unit, how much direct labor cost did they incur during April?
Group of answer choices
$224,000
$154,000
$173,000
$51,000
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