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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 | 1,250 | 200 | 1,450 | ||||||
Machine-hours | 5,000 | 2,000 | 7,000 | ||||||
Direct labor-hours | 4,000 | 2,000 | 6,000 | ||||||
Direct materials costs | $ | 8,000 | $ | 3,500 | $ | 11,500 | |||
Direct labor costs | 59,000 | 38,000 | 97,000 | ||||||
Manufacturing overhead costs | 170,332 | ||||||||
Total costs | $ | 278,832 | |||||||
Required:
Compute the individual product costs per unit assuming that Tiger Furnishings uses direct labor costs to allocate overhead to the products. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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