Question
In: Accounting
13).Sales is $90 per unit; cost of goods sold is $30 per unit; selling and administrative...
13).Sales is $90 per unit; cost of goods sold is $30 per unit; selling and administrative expenses are $4 per unit and $25,000 per month. The company produced 500 units. Gross margin equals:
a).$30,000 b).$45,000 c).$28,000 d).$3,000
14).Estimates: 30,000 labor hours; 1,400 machine hours; $40,000 fixed overhead; $3 variable overhead per labor hour; $4 variable overhead per machine hour. Total estimated overhead is:
a).$135,600 b).$164,200 c).$95,600 d).$130,000
15).Sarah's Soda applies overhead based on departmental overhead rates. Job A1 had $3,900 direct material $1,200 direct labor 30 labor hours bottling 60 machine hours mixing. Overhead rates $9 labor hour bottling $15 machine hour mixing. The job consists of 100 units. What is the cost per unit for job A1?
a).$62.70 b).$51.00 c).$60.00 d).$53.70
Solutions
Expert Solution
13) Gross margin = Sales-Cost of goods sold = (90-30)*500 = 30000
So answer is a) $30000
14) Total estimated overhead = (30000*3+1400*4)+40000 = 135600
So answer is a) $135600
15) Total Cost = 3900+1200+(30*9+15*60)/100 = 62.70
So answer is a) $62.70
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