Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Additional data concerning these products are listed below Multiple Choice O $10.11 $13.52 B Grinding minutes per unit Selling price per unit 4.60 $ 93.00 $ 0.70 Variable selling cost per unit Monthly demand in units i 3,500 The grinding machines are potentially the constraint in the production facility. A total of 44,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of the existing grinding machine capacity? Note: Round your intermediate calculations to 2 decimal places. $5.06 A $ 13.80 $17.21 Products 18.90 26.98 3.00 2.20 26.00 34.30 $ 62.50 $ 73.10 $71.80 A B C D $ 9.70 $10.50 $ 10.10 33.10 39.90 2.10 2.70 26.10 36.70 $89.40 3.30 $ 75.60 $ 1.70 3,500 Products C 3.80 $ 86.90 $ 103.70 D 2.90 $ 2.80 $1.10 2,500 2,700

Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Additional data concerning these products are listed below Multiple Choice O $10.11 $13.52 B Grinding minutes per unit Selling price per unit 4.60 $ 93.00 $ 0.70 Variable selling cost per unit Monthly demand in units i 3,500 The grinding machines are potentially the constraint in the production facility. A total of 44,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of the existing grinding machine capacity? Note: Round your intermediate calculations to 2 decimal places. $5.06 A $ 13.80 $17.21 Products 18.90 26.98 3.00 2.20 26.00 34.30 $ 62.50 $ 73.10 $71.80 A B C D $ 9.70 $10.50 $ 10.10 33.10 39.90 2.10 2.70 26.10 36.70 $89.40 3.30 $ 75.60 $ 1.70 3,500 Products C 3.80 $ 86.90 $ 103.70 D 2.90 $ 2.80 $1.10 2,500 2,700

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 16MC: Under variable costing, a unit of product includes which costs? direct material, direct labor, and...

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