Given the solution and accounting question Cost of materials $35 per unit, rent $50,000, selling price perunit $120, cost of labor per unit $24, salaries $210,000.Calculate the Labor Cost as a percentage of Sales Revenue.

Step 1: Definition of Labor Cost as a Percentage of Sales RevenueLabor Cost as a Percentage of Sales…

Answered: Cost of materials $35 per unit, rent…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

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Conversion cost per unit equals $6. Total materials costs equal $60,000. Equivalent units for materials are 12,000. How much is the total manufacturing cost per unit? A. $15 B. $11 C. $13 D. $14 MCQ
A.Prepare Statement of Income and Expenses with a marginal contribution approach. Empresas La Torre presents the following information for the year ended December 31, 2020: Product Costs: Direct materials (Variables) $ 50.00 per unit Direct Labor (Variable) $ 20.00 per hour Variable Indirect Costs $ 10.00 per hour Total Fixed Indirect Costs $ 250,000 Period Expenses Seller Commissions $ 20.00 per unit Variable Administrative Expenses $ 30.00 per unit Total Fixed Administrative Expenses $ 150,000 The company sells solar batteries at $ 200.00 per unit. Making each battery takes 2 hours of direct labor. The company taxes its income at 40%. If the Company sells 10,000 units, prepare a statement of income and expenses using the marginal contribution approach.
Conversion cost per unit equals $6. Total materials costs equal $60,000. Equivalent units for materials are 12,000. How much is the total manufacturing cost per unit?
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Calculate the prime cost from the following information: Direct material purchased: R 100,000 Direct material consumed: R 90,000 Direct labour: R60,000 * Direct expenses: R 20,000 Manufacturing overheads: R 30,000

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Cost of materials $35 per unit, rent $50,000, selling price per unit $120, cost of labor per unit $24, salaries $210,000. Calculate the Labor Cost as a percentage of Sales Revenue.