Essay
The T & T Company makes fishing rods.During the current month,direct materials costing $126,000 were put into production.Direct labour costs of $110,000 were incurred and overhead equalled $100,000.Selling and administrative expenses totalled $66,000 for the month,and the company manufactured 3,500 fishing rods.Assume there was no beginning inventory and that 3,000 fishing rods were sold.
Required: A. Compute the per-unit product cost.
B. Compute the per-unit prime cost.
C. Compute the per-unit conversion cost.
D. What is cost of goods sold for the month?
E. What is the cost of ending finished goods for the month?
Correct Answer:
Verified
Correct Answer:
Verified
Q4: What are expired costs?<br>A)assets<br>B)expenses<br>C)revenues<br>D)profit
Q21: Information from the records of Island
Q27: Information from the records of Becker Corporation
Q28: Ballard Company supplied the following information
Q132: Any costs associated with storing,selling,and delivering a
Q143: Katz Group had the following income
Q207: How many inventory accounts does a typical
Q208: Period costs are those costs associated with
Q219: Screws used in the manufacture of cabinets
Q221: How is unit cost calculated?<br>A)total product costs