Your plant produces 100 snowmobiles per month.Direct costs are $2,000 per snowmobile. Themonthly overhead is $90,000. What is the averagecost per snowmobile with overhead?a. $2,000b. $2,900c. $29,000d. $92,000

To find the average cost per snowmobile including overhead, we need to add both the direct costs and…

Answered: Your plant produces 100 snowmobiles per…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 4EA: Use the information provided to create a standard cost card for production of one glove box switch....

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o make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Use the information provided to create a standard cost card for production of one glove box switch, in the format given below:
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Your plant produces 100 snowmobiles per month. Direct costs are $2,000 per snowmobile. The monthly overhead is $90,000. What is the average cost per snowmobile with overhead? a. $2,000 b. $2,900 c. $29,000 d. $92,000