**Flint Corporation Griddle Cost Analysis**Flint Corporation manufactures a commercial-grade cooking griddle. Below is the cost information for Flint Corporation's anticipated annual production volume of 26,500 units.| **Cost Component** | **Per Unit** | **Total** ||-----------------------------------------------|-------------|------------|| Direct materials | $14 | || Direct labor | $6 | || Variable manufacturing overhead | $10 | || Fixed manufacturing overhead | | $291,500 || Variable selling and administrative expenses | $8 | || Fixed selling and administrative expenses | | $159,000 |**Additional Information**- The company applies a 40% markup on the total cost.**Computation Task**- **(a)** Compute the total unit cost.**Total Cost per Unit Calculation:** You need to sum up the per unit costs of direct materials, direct labor, variable manufacturing overhead, and variable selling/administrative expenses. Additionally, compute the per-unit share of fixed overheads and fixed selling/administrative expenses based on the total production volume (26,500 units), and add them to the sum.**Markup Application:** Once the total cost per unit is calculated, apply a 40% markup to determine the selling price.

Name: **Flint Corporation Griddle Cost Analysis**Flint Corporation manufact
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Description: **Flint Corporation Griddle Cost Analysis**Flint Corporation manufactures a commercial-grade cooking griddle. Below is the cost information for Flint Corporation's anticipated annual production volume of 26,500 units.| **Cost Component**

Fixed manufacturing overhead per unit = Fixed manufacturing overhead/Annual volume Fixed selling and…

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Flint Corporation makes a commercial-grade cooking griddle. The following information is available for Flint Corporation's anticipated annual volume of 26,500 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses $8 Fixed selling and administrative expenses (a) Per Unit The company uses a 40% markup percentage on total cost. Compute the total unit cost. $14 $6 $10 Total cost per unit $ Total $291,500 $159,000

Flint Corporation makes a commercial-grade cooking griddle. The following information is available for Flint Corporation's anticipated annual volume of 26,500 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses $8 Fixed selling and administrative expenses (a) Per Unit The company uses a 40% markup percentage on total cost. Compute the total unit cost. $14 $6 $10 Total cost per unit $ Total $291,500 $159,000

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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