A manufacturer has the following production costs for 5,000 units: ⚫ Direct materials = $45,000 • ⚫ Direct labor = $25,000 ⚫ Variable overhead = $15,000 ⚫ Fixed overhead = $35,000 • Calculate the total cost per unit. a) $22 b) $23 c) $24 d) $25

A manufacturer has the following production costs for 5,000 units: ⚫ Direct materials = $45,000 • ⚫ Direct labor = $25,000 ⚫ Variable overhead = $15,000 ⚫ Fixed overhead = $35,000 • Calculate the total cost per unit. a) $22 b) $23 c) $24 d) $25

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 3CMA: A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead....

See similar textbooks

Related questions

Q: Ans

A: Step 1: Formula The gross profit is calculated by deducting the Cost of goods sold from the Sales.…

Q: please provide correct answer General accounting question

A: Step 1: Define a Zero-Coupon BondA zero-coupon bond is a bond that does not pay periodic interest…

Q: Don't use ai given answer accounting questions

A: To compute the proceeds of the note when it is discounted, we need to follow these steps: 1. Compute…

Q: Answer? ? Financial accounting question

A: Step 1: Define MarkupMarkup refers to the part of the profit earned on the selling of a product or…

Q: None

A: Step 1: Definition of Total Direct Materials Cost VarianceThe Total Direct Materials Cost Variance…

Q: General accounting questions

A: To calculate the capital gains yield, we use the formula: Capital Gains Yield =((Selling Price…

Q: What was the number of credit sales during December? General accounting

A: To find the number of credit sales during December, we can use the following formula: Credit Sales =…

Q: What is its ROE

A: To calculate the Return on Equity (ROE), we use the formula: ROE = Profit Margin × Total Asset…

Q: What is the target cost per crepe marker

A: The question requires the determination of the cost per unit. Cost per unit, also known as the cost…

Q: Expert need your help

A: The coefficient of variation (CV) is calculated using the formula: CV=Expected ReturnStandard…

Q: Quick answer of this accounting questions

A: To calculate the Return on Assets (ROA) and Return on Equity (ROE) ratios, use the following…

Q: Accounting problem

A: To calculate the coefficient of variation, we'll use the following formula:Coefficient of Variation…

Q: General accounting

A: Step 1: Definition of Net IncomeNet income is the profit a business earns after deducting all…

Q: None

A: Key Definitions:Leverage Ratio:The leverage ratio is the ratio of equity to total assets. A leverage…

Q: Biological assets are measured at?

A: Detailed explanation:Under International Accounting Standard (IAS) 41 - Agriculture, biological…

Q: None

A: Step 1: Definition of Fixed CostFixed costs remain constant in total regardless of changes in…

Q: How much gain will the pratts recognize on their home sale ?

A: Calculate the Gain on Sale:Sale Price: $610,000Purchase Price (Basis): $400,000Gain = Sale Price -…

Q: I want to this question answer general Accounting

A: To calculate the total manufacturing costs and the total cost of work in process, we can follow…

Q: Do fast answer of this accounting questions

A: Step 1: Definition of Stock Dividend and Stock SplitStock Dividend: A stock dividend is a…

Q: None

A: The after-tax salvage value can be calculated by considering the tax implications of selling the…

Q: Compute the estimate inventory of hornacek company

A: Explanation of Gross Profit Method:The gross profit method is an inventory estimation technique that…

Q: Variance are favourable or unfavorable?

A: Explanation of Labor Rate Variance: This measures the difference between the actual hourly rate paid…

Q: provide correct solution in this general account query

A: Step 1:Estimated Ending Inventory can be calculated by subtracting the cost of goods sold from the…

Q: Do fast answer of this accounting questions

A: Step 1: Definition of High-Low MethodThe high-low method is a cost accounting technique used to…

Q: Hello tutor please solve this question general accounting

A: Step 1:Variable cost is 75% it means the contribution margin ratio is 25%.Contribution margin at BEP…

Q: Question

A: The question pertains to the sale of bonds. A bond is a fixed-income investment where individuals…

Q: Need help this question general accounting

A: In this scenario, F's overall net income for tax purposes in year 6 includes the capital gain…

Q: financial Account

A: To calculate the estimated ending inventory, we can use the gross profit method. This method…

Q: General accounting

A: The formula for converting a tax-free rate to a taxable equivalent rate is:Comparable Taxable…

Q: Ultimate Production manufactures radon detectors. The standard for materials for each detector is 2…

A: Material Quantity VarianceThe material quantity variance measures the difference between the actual…

Q: Explain the concept of convertism in accounting

A: Conservatism: A prudent approach in accounting that requires a higher degree of verification for…

Q: Provide Answer

A: Concept of Contribution MarginThe contribution margin represents the amount of revenue remaining…

Q: Quick answer of this accounting questions

A: To calculate the average collection period, follow these steps: Formula:Average Collection Period…

Q: Get correct answer accounting questions

A: The equity premium is the additional return that investors require for investing in the stock market…

Q: For the current year, Paxman Company incurred $155,000 in actual manufacturing overhead cost. The…

A: Explanation of Manufacturing Overhead:Manufacturing overhead refers to all indirect costs incurred…

Q: Financial Accounting

A: To calculate the holding period return (HPR) for March 2023, use the following formula: HPR =…

Q: What is the company's return on equity on these financial accounting question?

A: Step 1: Formulas Equity = Assets - LiabilitiesNet income = Profit margin x SalesReturn on equity =…

Q: Interest expense for the year ended December 31, 2010 was ???? General accounting

A: Step 1: Analysis of information givenPrincipal = $200,00Annual Interest Rate = 12% = 0.12Time =…

Q: Quick answer of this accounting questions

A: Cost of Equity (r)=rf+β×(rm−rf)Where:rf = Risk-free rate = 4% = 0.04β = Beta of the stock =…

Q: find answer for this general account questions

A: To calculate the material quantity variance, we use the formula: Material Quantity Variance=(Actual…

Q: Quick answer of this accounting questions

A: To calculate the gross margin percentage, we first need to determine the net sales and then use the…

Q: Overhead were?

A: Step 1: Definition of OverheadOverhead refers to the ongoing business expenses not directly related…

Q: Cost that would be allocated to the land is

A: Explanation of Group Purchase (Lump-Sum Purchase):A group purchase or lump-sum purchase occurs when…

Q: Ans

A: Step 1: Definition of Capital GainCapital gain is the profit earned from selling a capital asset…

Q: Need help with this accounting questions

A: Step 1: Definition of Variable CostVariable cost is the portion of total cost that changes in direct…

Q: Provide answer general Accounting question

A: Step 1: Definitions:Job Order Costing System: A system that tracks manufacturing costs for specific…

Q: Himani co. Computed it's predetermined

A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a rate that companies…

Q: What is the cost of the equipment? Solve this question general Accounting

A: Total Cost Solution= purchase price + sales tax + freight charges + installation costs= $30,000 +…

Q: Financial accounting question

A: Step 1: Define Absorption CostingAbsorption costing or full costing is a product costing method that…

Q: 1. Beginning Balance, January 1 28,000 Beginning Balance Raw Materials 2. (+) Purchases…

A: To calculate the variable factory overhead costs, we need to subtract the fixed overhead from the…

Question

Hi expert please give me answer general accounting question

A manufacturer has the following production costs for 5,000 units:
⚫ Direct materials = $45,000
•
⚫ Direct labor = $25,000
⚫ Variable overhead = $15,000
⚫ Fixed overhead = $35,000
•
Calculate the total cost per unit.
a) $22
b) $23
c) $24
d) $25

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?
Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?
Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?
Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?
Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine hours per unit, direct material cost of $5 per unit, and direct labor of $5 per unit. What is the cost of each unit produced?
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000
Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $20,000 $15,000 Direct labor $12,000 $24,000 The company's overhead costs of $108,000 are allocated based on direct labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What is the cost per unit for product B? (Do not round your intermediate calculations.)
Subject: Cost management & accounting MCQs: 1) Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unitFixed costs: Marketing and administrative $ 400,000 per periodManufacturing overhead $ 200,000 per periodVariable costs: Marketing and administrative $ 50 per unitManufacturing overhead $ 80 per unitDirect labor $ 100 per unitDirect materials $ 200 per unitWhat is the total manufacturing cost per unit? a) $380 b) $480 c) $730 d) $430 2) Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin?…
Webber fabricating estimated the following solve this question ❓