Question
Using the following information answer the question listed below. ABC corp needs to figure out cost information pertaining to product D. Direct labor $60,000 Direct
- Using the following information answer the question listed below.
ABC corp needs to figure out cost information pertaining to product D.
Direct labor $60,000
Direct Materials 45% of OH
Overhead 92% of direct labor
Number of products produced 400 units
What is the cost of direct materials?
What is the cost of overhead?
What is the total cost of production?
What is the per unit cost?
What is the total prime cost?
What is the per unit prime cost?
What is the total conversion cost?
What is the per unit conversion cost?
What would be the selling price per unit if I need a 35% markup?
- Using the following please answer the questions below.
Direct materials $35,000
Direct Labor 3,500 hours @ $14.00 per hour
Overhead 65% of Direct materials
Total units produced 700
What is the total prime cost?
What is the per unit conversion cost?
What would the selling price per unit if you need 45% markup?
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Audit Proofing Your Return
Authors: Jr. Wade, Jack Warren
1st Edition
002622240X, 978-0026222402
