Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. learned corporation has provided the following inf

Learned Corporation has provided the following information: Cost per...

90.2K

Verified Solution

Question

Accounting

Learned Corporation has provided the following information:
Cost per Unit Cost per Period
Direct materials $ 6.10
Direct labor $ 4.15
Variable manufacturing overhead $ 1.75
Fixed manufacturing overhead $ 27,600
Sales commissions $ 0.50
Variable administrative expense $ 0.40
Fixed selling and administrative expense $ 7,800
Required:
a. For financial reporting purposes, what is the total amount of product costs incurred to make 6,000 units?
b. For financial reporting purposes, what is the total amount of period costs incurred to sell 6,000 units?
c. If the selling price is $23.60 per unit, what is the contribution margin per unit sold? (Round your answer to 2 decimal places.)
d. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred?
e. If 7,000 units are produced, what is the total amount of indirect manufacturing costs incurred?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

• Explain the different stages of the ovarian and menstrual cycles

Medical Sciences
Q

Write four general principles to be observed while laying damp proof course.

Civil Engineering
Q

Discuss how occupational sex segregation and contribution to childcare and household chores lead to the gender...

Psychology
Q

Name two theories of crime and causes? Is it possible to blend both theories?

Psychology
Q

How much thermal energy (in kcal) is required to change a 48 g ice cube from...

Physics
Q

the subject is human resources management Question 1: “The effect of ‘meaningful feedback” during performance appraisal on...

General Management
Q

Simplify the expression (3i + 2)(1 - i).O-i-1O i +5Oi-12

Calculus
Q

True or False: If you deposit $1,200 and earn 6% interest for 2 years, your...

Algebra
Q

Factor the expression completely or state that the polynomial is prime.4x - 4xSelect the correct...

Algebra
Q

Find the missing number of vertices faces or edges for each polyhedron a Hexagonal pyramid...

Algebra
Q

Instructions: Use the information below to complete the horizontal financial statements model. Gossett...

Accounting
Q

A consulting firm has two departments, Corporate and Government. Computer support is common to both...

Accounting