If one unit of Product X5 used $3.20 of direct materials and $4.50 of direct labor, sold for $12.00, and was assigned overhead at the rate of 40% of direct labor costs, how much gross profit was realized from this sale? A. $4.50 B. $2.50 C. $1.80 D. $3.30
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- The standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. The actual cost per labor hour is $7.5 and the actual labor hour per unit is 0.7 hours. What is the standard labor cost per output unit? a. $4.8 b. $5.6 c. $4.5 d. $5.25Direct material $0.10, Direct laber is $0.25, Variable Overhead is $0.10, Fixed overhead is $0.40 what is the fixed costs per unit, the total cost per unit, and gross margin if 1,600,000 units were produced?Given the following information, determine the product cost of one unit: Direct Materials = $60; Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit. a. $70 per unit b. $80 per unit c. $78 per unit d. $85 per unit Contribution margin is sales less: a. Fixed overhead and fixed selling and administrative expenses b. Variable Cost of goods sold and variable selling & administrative expenses c. Variable selling and administrative expemses and Fixed selling and administrative expenses d. variable cost of goods sold An investment generates an operating income of $100,000, and the average operating assets are $400,000. What is the return on the investment? a. 100% b. 75% c. 25% d. 20%
- Hi expart Provide solutionThe Benoit Company produces three products A, B and C. The per unit data is as follows: Product A B C $80 $56 $70 24 15 09 24 27 40 48 42 49 Selling Price……………………………… Less: Variable Expenses Direct Materials………………………….. Other variable expenses………………… Total variable expenses…………………. Contribution Margin per Unit…………… $32 $14 $21 Contribution margin Ratio………………. 40% 25% 30% Demand for the company’s products is very strong, with far more orders each month than the company has raw materials available to produce. The same material is being used in each product. The material costs $3 per pound with a maximum of 5000 pounds available each month. The demand of product A, B and C is 800,700 and 600 respectively. Required: Compute the contribution margin per pound of direct material, which orders would you advise the company to accept first for those of product, A, B or C which combination of…B. Find the cost of a product Different costs are presented below Direct materials $ 5.00 per unit Indirect materials $ 2.00 per unit Direct labor $ 10.00 per hour Indirect labor $ 3.00 per hour Other variable indirect costs $ 6.00 per hour Other fixed indirect costs $ 10.00 per unit Commissions to sellers $ 4.00 per unit Variable administrative costs $ 6.00 per unit Fixed Administrative Costs $ 10.00 per unit 1. Determine the cost of making each unit. When it says hourly, it refers to hours of direct labor. It takes 15 minutes for the company to make each product. .