Q: What would be the direct labor ? (I got 109,000 , but it was wrong) Q: Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per unit cost of manufacturing this product? (I got 25.75, but it was wrong)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Dec. 31 Jan. 1

Inventory of materials $24,000 $20,000

Inventory of work in process $8,000 $12,000

Inventory of finished goods $90,000 $80,000

Direct Materials used $210,000

Direct Labor $112,000

Selling Expenses $170,000

General and Administrative expenses $140,000

Overhead assigned to production was 192,000.

Q: What would be the direct labor ? (I got 109,000 , but it was wrong)

Q: Assume that the company manufactures a single product and that 20,000 units were completed during the year. What is the average per unit cost of manufacturing this product? (I got 25.75, but it was wrong)

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