BS&T Partners has developed a new hubcap with the model name Spinnin' Wheel. Production and sales started August 3. As of August 2, there were no direct materials in inventory. Data for the month of August include the following Required: Complete the following table. (Round intermediate calculations to 2 decimal places.) Direct labor cost per unit Direct labor-hours worked, August Direct labor wage rate per direct labor-hour Direct materials cost per unit Direct materials cost per pound of direct material Direct materials inventory (cost), August 31 Direct materials inventory (pounds), August 31 Finished goods inventory (cost), August 31 Finished goods inventory (units), August 31 Manufacturing overhead cost per unit Operating profit, August Production (units), August Sales revenue, August Sales (units), August Sales price per unit Selling, general, and administrative costs per unit $ $ $ $ $ $ $ $ $ 11.00 20.00 9.75 19.00 10,260 33,000 20.50 66,600 710,400 16.75 hours pounds units units units

BS&T Partners has developed a new hubcap with the model name Spinnin' Wheel. Production and sales started August 3. As of August 2, there were no direct materials in inventory. Data for the month of August include the following Required: Complete the following table. (Round intermediate calculations to 2 decimal places.) Direct labor cost per unit Direct labor-hours worked, August Direct labor wage rate per direct labor-hour Direct materials cost per unit Direct materials cost per pound of direct material Direct materials inventory (cost), August 31 Direct materials inventory (pounds), August 31 Finished goods inventory (cost), August 31 Finished goods inventory (units), August 31 Manufacturing overhead cost per unit Operating profit, August Production (units), August Sales revenue, August Sales (units), August Sales price per unit Selling, general, and administrative costs per unit $ $ $ $ $ $ $ $ $ 11.00 20.00 9.75 19.00 10,260 33,000 20.50 66,600 710,400 16.75 hours pounds units units units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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