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Tesco Company showed the following costs for last month. Direct materials$40,000 Direct labour35,000 Overhead52,000 Selling expense17,000 Administrative expense12,000 Last month, Tesco produced and sold 20,000
Tesco Company showed the following costs for last month.
Direct materials$40,000
Direct labour35,000
Overhead52,000
Selling expense17,000
Administrative expense12,000
Last month, Tesco produced and sold 20,000 units at a sales price per unit of $18. Assume no beginning or ending inventory balances for work in process and finished goods inventory.
Required:
Solve for the following amounts.
A.Total product cost for last month
B.Unit product cost for last month
C.Total period costs
D.Gross margin for last month
E.Operating income for last month
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