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

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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 sold1600012800
Total costs:
Direct labor180480
Direct materials97280
Variable overhead costs74240
Factory rent140000
Sales commissions33280
Administrative salaries102000
Per unit costs for select rows:
Direct labor14.10
Direct materials7.60
Factory rent
Administrative salaries

Answer & Explanation Solved by verified expert
4.5 Ratings (639 Votes)

Solution

January

February

Units produced and sold

16000

12800

Total costs:

Direct labor

$2,25,600.00

$ 1,80,480.00

Direct materials

$1,21,600.00

$    97,280.00

Variable overhead costs

$   92,800.00

$    74,240.00

Factory rent

$1,40,000.00

$ 1,40,000.00

Sales commissions

$   41,600.00

$    33,280.00

Administrative salaries

$1,02,000.00

$ 1,02,000.00

Per unit costs for select rows:

Direct labor

$         14.10

$          14.10

Direct materials

$           7.60

$            7.60

Factory rent

$           8.75

$          10.94

Administrative salaries

$           6.38

$            7.97

Working

January

February

Units produced and sold

16000

12800

Total costs:

Direct labor

=180480/12800*16000

180480

Direct materials

=97280/12800*16000

97280

Variable overhead costs

=74240/12800*16000

74240

Factory rent

140000

140000

Sales commissions

=33280/12800*16000

33280

Administrative salaries

102000

102000

Per unit costs for select rows:

Direct labor

14.1

=180480/12800

Direct materials

7.6

=97280/12800

Factory rent

=140000/16000

=140000/12800

Administrative salaries

=102000/16000

=102000/12800

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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