Question
Quincy Manufacturing, Inc. makes kitchen appliance replacement parts. In May, Quincy produced 2000 units. Costs incurred were as follows: Direct Labor per unit (4 hrs.
Quincy Manufacturing, Inc. makes kitchen appliance replacement parts. In May, Quincy produced 2000 units. Costs incurred were as follows:
| Direct Labor per unit (4 hrs. @ $30/hr.) | $120 |
| Direct Materials per unit | $20 |
| Indirect Labor (maintenance) | $4,000 |
| Indirect Materials (total used) | $500 |
| Manufacturing Overhead application rate (per unit) | $3 |
Given this data, the total Prime Cost for the units produced in the month of May was:
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Working Papers Volume 1 For Needles/Powers/Crossons Financial And Managerial Accounting 8th
Authors: Belverd E. Needles
8th Edition
0618777237, 978-0618777235
