Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Quincy Manufacturing, Inc. makes kitchen appliance replacement parts. In May, Quincy produced 2000 units. Costs incurred were as follows: Direct Labor per unit (2 hrs.

Quincy Manufacturing, Inc. makes kitchen appliance replacement parts. In May, Quincy produced 2000 units. Costs incurred were as follows:

Direct Labor per unit (2 hrs. @ $30/hr.)

$60

Direct Materials per unit

$10

Indirect Labor (maintenance)

$5,000

Indirect Materials (total used)

$600

Manufacturing Overhead application rate (per unit)

$2

Given this data, the total Prime Cost for the units produced in the month of May was:

Group of answer choices

A. $29,600

B. $149,600

C. $120,000

D. $140,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Clinical Audit In Pharmaceutical Development

Authors: Michael Hamrell

1st Edition

0367399334, 978-0367399337

More Books

Students also viewed these Accounting questions

Question

What is a direct public offering?

Answered: 1 week ago

Question

What is the difference between a virus, a worm, and a Trojan horse?

Answered: 1 week ago