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Use the following information to answer Questions 5 through 8: The Flowers Company costs at 50,000 units of production are: Direct materials.......... Direct labour...
Use the following information to answer Questions 5 through 8: The Flowers Company costs at 50,000 units of production are: Direct materials.......... Direct labour... Overhead..... Selling and administrative costs.. Sales for the year totalled $700,000. $ 75,000 150,000 140,000 90,000 5. Total production costs equal: (a) $225,000; (b) $365,000; (c) $455,000; (d) $230,000; (e) $90,000 6. Total nonproduction costs equal: (a) $225,000; (b) $365,000; (c) $455,000; (d) $230,000; (e) $90,000 7. Gross margin is: (a) $610,000; (b) $475,000; (c) $470,000; (d) $335,000; (e) $245,000 8. The unit product cost is: (a) $4.50; (b) $7.30; (c) $9.10; (d) $4.60; (e) $1.80 9. The number of setups is a: (a) production or unit-level driver; (b) nonunit-level driver 10. Direct labour hours is a: (a) production or unit-level driver; (b) nonunit-level driver 11. Number of material moves is a: (a) production or unit-level driver; (b) nonunit-level driver 12. Machine hours is a: (a) production or unit-level driver; (b) nonunit-level driver
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