Skolnick Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $6.10 $ 4.30 $ 1.40 a. Total direct manufacturing cost b. Total indirect manufacturing cost $ 1.00 $0.40 Answer is complete but not entirely correct. $ $ 72,800✔ 148,400 X Cost per Period Required: a. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 7,000 units are produced, what is the total amount of indirect manufacturing costs incurred? $ 98,000 $ 30,800
Skolnick Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost per Unit $6.10 $ 4.30 $ 1.40 a. Total direct manufacturing cost b. Total indirect manufacturing cost $ 1.00 $0.40 Answer is complete but not entirely correct. $ $ 72,800✔ 148,400 X Cost per Period Required: a. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate calculations.) b. If 7,000 units are produced, what is the total amount of indirect manufacturing costs incurred? $ 98,000 $ 30,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Urmila ben
Transcribed Image Text:Skolnick Corporation has provided the following information:
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Sales commissions
Variable administrative expense
Fixed selling and administrative expense
Cost per Unit
$6.10
$ 4.30
$ 1.40
$1.00
$0.40
a. Total direct manufacturing cost
b. Total indirect manufacturing cost
X Answer is complete but not entirely correct.
$
72,800
$
148,400
Cost per
Period
$ 98,000
Required:
a. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? (Do not round intermediate
calculations.)
b. If 7,000 units are produced, what is the total amount of indirect manufacturing costs incurred?
$ 30,800
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