Homework Answers
Answer :-
1. Compute the product cost when the units produced are 29,750 units :-
Product Cost = No.of units produced *( Direct material + direct labor + Variable Manufacturing overhead + fixed Manufacturing overhead)
Product Cost = 29,750 * ( $8.80 + $5.80 + $3.30 + $6.80)
Product Cost = 29,750 * $24.7
Product Cost = $734,825
2. Compute the Period cost when the units sells are 29,750 :-
Period Cost = No.of units sell * ( Fixed selling expense + Fixed administrative expense + sales commission + Variable administrative expense)
Period Cost = 29,750 * ( $5.30 + $4.30 + $2.80 + $2.30)
Period Cost = 29,750 * $14.7
Period Cost = $437,325
3. Calculation of product cost when the units produced are 31,500 :-
Product Cost = 31,500 * $24.7
Product Cost = $778,050
4. Calculation of period cost when the units sells are 28,000 :-
Period Cost = 28,000 * $14.7
Period Cost = $411,600
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