COST SHEET Q.1 Calculate total factory cost and factory cost per unit from the following information: Number of units of raw material consumed Cost of material consumed Direct wages Direct expenses Factory overheads Opening stock of work-in-progress (2000 units) Closing stock of work-in-progress (3000 units) . 3 10,000 1,00,000 50,000 30,000 1,20,000 60,000 ?

COST SHEET Q.1 Calculate total factory cost and factory cost per unit from the following information: Number of units of raw material consumed Cost of material consumed Direct wages Direct expenses Factory overheads Opening stock of work-in-progress (2000 units) Closing stock of work-in-progress (3000 units) . 3 10,000 1,00,000 50,000 30,000 1,20,000 60,000 ?

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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Please help complete parts of question 1 1a. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production at is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Total manufacturing overhead cost: Manufacturing overhead per unit it: 1b. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Total manufacturing overhead cost: Manufacturing overhead per unit: 1c. If the selling price is $22 per unit, what is the contribution margin per unit? (Do not round intermediate calculations. Round you answer to 2 decimal places.) 1d. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this leve production? (Do not round…
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