Complete the following table. Note: Round "Direct-labor hours" answer to 1 decimal place. Direct labor cost per unit Direct labor-hours worked, March 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), March 31 Direct materials inventory (pounds), March 31 Finished goods inventory (cost), March 31 Finished goods inventory (units), March 31 Manufacturing overhead cost per unit Operating profit, March Production (units), March Sales revenue, March Sales (units), March Sales price per unit Selling, general, and administrative costs per unit S 55 S $ $ $ S S S 50 20 40 8 2,240 17,856 158 7,705 47,265 96 hours pounds units units units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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am. 30.

Guilford Boards started operations on March 3. There were no direct materials in inventory as of March 2. Data for the month of March
include the following:
Required:
Complete the following table.
Note: Round "Direct-labor hours" answer to 1 decimal place.
Direct labor cost per unit
Direct labor-hours worked, March
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), March 31
Direct materials inventory (pounds), March 31
Finished goods inventory (cost), March 31
Finished goods inventory (units), March 31
Manufacturing overhead cost per unit
Operating profit, March
Production (units), March
Sales revenue, March
Sales (units), March
Sales price per unit
Selling, general, and administrative costs per unit
$
$
LA
$
$
$
CA
$
$
$
$
50
20
40
8
2,240
17,856
158
7,705
47,265
96
hours
pounds
units
units
units
Transcribed Image Text:Guilford Boards started operations on March 3. There were no direct materials in inventory as of March 2. Data for the month of March include the following: Required: Complete the following table. Note: Round "Direct-labor hours" answer to 1 decimal place. Direct labor cost per unit Direct labor-hours worked, March 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), March 31 Direct materials inventory (pounds), March 31 Finished goods inventory (cost), March 31 Finished goods inventory (units), March 31 Manufacturing overhead cost per unit Operating profit, March Production (units), March Sales revenue, March Sales (units), March Sales price per unit Selling, general, and administrative costs per unit $ $ LA $ $ $ CA $ $ $ $ 50 20 40 8 2,240 17,856 158 7,705 47,265 96 hours pounds units units units
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