Rockwell Manufacturing, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced: 12,500 Variable costs per unit: Direct materials: $45 Direct labor: $62 Variable manufacturing overhead: $8 Variable selling and administrative expense: $11 Fixed costs: Fixed manufacturing overhead: $425,000 Fixed selling and administrative expense: $762,500 There were no beginning or ending inventories. What is the absorption costing unit product cost? A. $107 per unit B. $115 per unit C. $149 per unit D. $210 per unit

Rockwell Manufacturing, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced: 12,500 Variable costs per unit: Direct materials: $45 Direct labor: $62 Variable manufacturing overhead: $8 Variable selling and administrative expense: $11 Fixed costs: Fixed manufacturing overhead: $425,000 Fixed selling and administrative expense: $762,500 There were no beginning or ending inventories. What is the absorption costing unit product cost? A. $107 per unit B. $115 per unit C. $149 per unit D. $210 per unit

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,...

See similar textbooks

Similar questions

Orinder Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 275,800, direct labor cost was 153,000, and overhead cost was 267,300. There were 25,000 units produced. Unit manufacturing cost (rounded to the nearest cent) is a. 28.40 b. 27.98 c. 34.95 d. 27.55
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?
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
During the month, a company with no departmentalization incurred costs of 45,000 for materials, 36,000 for labor, and 22,500 for factory overhead. There were no units in process at the beginning or at the end of the month, and 20,000 units were completed. Determine the unit cost for the month for materials, labor, factory overhead, and the total unit cost. (Round unit costs to three decimal places.)
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.)
Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual variable unit cost is as follows: Fixed overhead was 320,000. Fixed selling expenses consisted of advertising copayments totaling 110,000. Fixed administrative expenses were 236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was 148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was Refer to the information in 2.24. The gross margin percentage for last year was a. 12.57% b. 55.67% c. 28.95% d. 38.33%
During the week of August 21, Parley Manufacturing produced and shipped 4,000 units of its machine tools: 1,500 units of Tool SK1 and 2,500 units of Tool SK3. The cycle time for SK1 is 0.73 hour, and the cycle time for SK3 is 0.56 hour. The following costs were incurred: Required: 1. Assume that the value-stream costs and total units shipped apply only to one model (a single-product value stream). Calculate the unit cost, and comment on its accuracy. 2. Assume that Tool SK1 is responsible for 60% of the materials cost. Calculate the unit cost for Tool SK 1 and Tool SK3, and comment on its accuracy. Explain the rationale for using units shipped instead of units produced in the calculation. 3. Calculate the unit cost for the two models, using DBC. Explain when and why this cost is more accurate than the unit cost calculated in Requirement 2.
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price $173Units in beginning inventory 1,450Units produced 9,350Units sold 9,450Units in ending inventory 1,350 Variable costs per unit: Direct materials $ 39Direct labor $ 56Variable manufacturing overhead $ 20Variable selling and administrative expense $30Fixed costs: Fixed manufacturing overhead $ 74,800Fixed selling and administrative expense $167,200 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under ABSORPTION COSTING?$5,100$22,600$21,800$34,100
The following data for its most recent month of operation
Can you please give me correct answer the general accounting question?
Arden Company reported the following costs and expenses for the most recent month: solve this general accounting question
Beamish Incorporated, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 1,100 Variable costs per unit: Direct materials $ 56 Direct labor $ 49 Variable manufacturing overhead $ 7 Variable selling and administrative expense $ 8 Fixed costs: Fixed manufacturing overhead $42,900 Fixed selling and administrative expense $81,400 There were no beginning or ending inventories. The absorption costing unit product cost was: $105 per unit $151 per unit $112 per unit $233 per unit