Question
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,000 300 1,300 Machine-hours 4,400 3,000 7400 Direct labor-hours 2,000 1,400 3,400 Direct materials costs $ 9600 $ 3,600 $ 13200 Direct labor costs 56900 39,600 96,500 Manufacturing overhead costs 115260 Total costs $ 224960 Required: Compute the individual product costs per unit assuming that Tiger Furnishings uses machine-hours to allocate overhead to the products. (Do not round intermediate calculations. Round final answers to 2 decimal places.)
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