Homework Help is Here – Start Your Trial Now!
Business
Accounting
RU Boxing Blazers manufactures boxing gloves. In 2003, the company had the following costs: Direct Materials used                                     Php45,000.00 Direct Labor                                                          18,000.00 Factory Rent                                                         12,000.00 Equipment Depreciation - Factory                          2,500.00 Equipment Depreciation - Office                                750.00 Marketing Expense                                                 2,500.00 Administrative Expense                                        40,000.00   35,000 units were produced in 2003. What is the product cost per unit? A. 2.23 B. 2.21 C. 1.89 D. 1.87

RU Boxing Blazers manufactures boxing gloves. In 2003, the company had the following costs: Direct Materials used                                     Php45,000.00 Direct Labor                                                          18,000.00 Factory Rent                                                         12,000.00 Equipment Depreciation - Factory                          2,500.00 Equipment Depreciation - Office                                750.00 Marketing Expense                                                 2,500.00 Administrative Expense                                        40,000.00   35,000 units were produced in 2003. What is the product cost per unit? A. 2.23 B. 2.21 C. 1.89 D. 1.87

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

RU Boxing Blazers manufactures boxing gloves. In 2003, the company had the following costs:

Direct Materials used                                     Php45,000.00
Direct Labor                                                          18,000.00
Factory Rent                                                         12,000.00
Equipment Depreciation - Factory                          2,500.00
Equipment Depreciation - Office                                750.00
Marketing Expense                                                 2,500.00
Administrative Expense                                        40,000.00
 
35,000 units were produced in 2003. What is the product cost per unit?

A. 2.23
B. 2.21
C. 1.89
D. 1.87
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Cost classification
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS