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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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