Harrison manufacturing produces a single product and has the following data for the most recent month: Total Units Produced = 12,500 Direct Materials per Unit = $60 Direct Labor per Unit = $48 Variable Manufacturing Overhead per Unit = $6 Variable Selling & Admin Expense per Unit = $11 (Not included in absorption costing) Total Fixed Manufacturing Overhead = $412,500 Total Fixed Selling & Admin Expense = $950,000 (Not included in absorption costing) Find the absorption costing unit product cost.

Harrison manufacturing produces a single product and has the following data for the most recent month: Total Units Produced = 12,500 Direct Materials per Unit = $60 Direct Labor per Unit = $48 Variable Manufacturing Overhead per Unit = $6 Variable Selling & Admin Expense per Unit = $11 (Not included in absorption costing) Total Fixed Manufacturing Overhead = $412,500 Total Fixed Selling & Admin Expense = $950,000 (Not included in absorption costing) Find the absorption costing unit product cost.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 21E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?
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Comacho Chemical Co. recorded costs for the month of 18,900 for materials, 44,100 for labor, and 26,250 for factory overhead. There was no beginning work in process, 8,000 units were finished, and 3,000 units were in process at the end of the period, two-thirds completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)
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