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Complete the following table:Round all per unit amounts to the nearest penny (2 places...

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Accounting

Complete the following table:

Round all per unit amounts to the nearest penny (2 places to theright of the decimal point.)
Round total cost amounts to the nearest dollar.

JanuaryFebruary
Units produced and sold1400012600
Total costs:
Direct labor108360
Direct materials107100
Variable overhead costs69300
Factory rent160000
Sales commissions25200
Administrative salaries114000
Per unit costs for select rows:
Direct labor8.60
Direct materials8.50
Factory rent
Administrative salaries

Answer & Explanation Solved by verified expert
3.9 Ratings (439 Votes)

January

February

Units produced and sold

          14,000

            12,600

Total costs:

Direct labor

$1,20,400.00

$ 1,08,360.00

Direct materials

$1,19,000.00

$ 1,07,100.00

Variable overhead costs

$   77,000.00

$     69,300.00

Factory rent

$1,60,000.00

$ 1,60,000.00

Sales commissions

$   28,000.00

$     25,200.00

Administrative salaries

$1,14,000.00

$ 1,14,000.00

Per unit costs for select rows:

Direct labor

$           8.60

$             8.60

Direct materials

$           8.50

$             8.50

Factory rent

$         11.43

$           12.70

Administrative salaries

$           8.14

$                  9.05

Working

January

February

Units produced and sold

14000

12600

Total costs:

Direct labor

=8.6*14000

108360

Direct materials

=8.5*14000

107100

Variable overhead costs

=69300/12600*14000

69300

Factory rent

160000

160000

Sales commissions

=2*14000

25200

Administrative salaries

114000

114000

Per unit costs for select rows:

Direct labor

8.6

=108360/12600

Direct materials

8.5

=107100/12600

Factory rent

=160000/14000

=160000/12600

Administrative salaries

=114000/14000

=114000/12600

Fixed cost such as Administrative salaries and factory rent remain same at all levels. Variable cost on the other hand will increase with increase in units as variable cost per units remains same but change in totality.
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Transcribed Image Text

In: AccountingComplete the following table:Round all per unit amounts to the nearest penny (2 places to...Complete the following table:Round all per unit amounts to the nearest penny (2 places to theright of the decimal point.)Round total cost amounts to the nearest dollar.JanuaryFebruaryUnits produced and sold1400012600Total costs:Direct labor108360Direct materials107100Variable overhead costs69300Factory rent160000Sales commissions25200Administrative salaries114000Per unit costs for select rows:Direct labor8.60Direct materials8.50Factory rentAdministrative salaries

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