Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the...
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Accounting
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:
Basic
Dominator
Total
Units produced
1,250
250
1,500
Machine-hours
4,000
2,000
6,000
Direct labor-hours
3,000
2,000
5,000
Direct materials costs
$
9,000
$
3,500
$
12,500
Direct labor costs
67,000
39,000
106,000
Manufacturing overhead costs
184,016
Total costs
$
302,516
Required:
Compute the individual product costs per unit assuming that Tiger Furnishings uses direct labor costs to allocate overhead to the products. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Unit Cost
Basic
Dominator
Answer & Explanation
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