The Bayou Company makes crab pots. During the current month, direct materials costing $126,000 were put...
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The Bayou Company makes crab pots. During the current month, direct materials costing $126,000 were put into production. Direct labor of $78,000 was incurred and overhead equaled $84,000. Selling and administrative expenses totaled $66,000 for the month and the company manufactured 3,000 crab pots Assume there was no beginning inventory and that 2,800 crab pots were sold. Required: A. Compute the per-unit product cost $ 102.86 B. Compute the per-unit prime cost C. Compute the per-unit conversion cost D. What is cost of goods sold for the month? $ E. What is the cost of ending finished goods for the month? The Bayou Company makes crab pots. During the current month, direct materials costing $126,000 were put into production. Direct labor of $78,000 was incurred and overhead equaled $84,000. Selling and administrative expenses totaled $66,000 for the month and the company manufactured 3,000 crab pots Assume there was no beginning inventory and that 2,800 crab pots were sold. Required: A. Compute the per-unit product cost $ 102.86 B. Compute the per-unit prime cost C. Compute the per-unit conversion cost D. What is cost of goods sold for the month? $ E. What is the cost of ending finished goods for the month?
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Heres the breakdown of the Bayou Companys costs and calculations A Perunit product cost Total manufa... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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