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Homework answers / question archive / Emmitt’s direct material cost is $5 per unit
Emmitt’s direct material cost is $5 per unit. The direct labor rate is $10 per hour and each units takes ½ hour to produce. Variable manufacturing overhead is $3 per unit and total budgeted fixed overhead is $6,200. A sales commission of $2 is paid on each unit. If Emmitt expects to produce 3,230 units and sell 1,470 units,
what is the budget cost of goods sold per unit? Round your answer to the nearest 2 decimal places
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Martin Clothing Company is a retail company. The following information is available for several months of the current year:
|
Month |
Purchases on Account |
Cash Expenses Paid |
|
May |
$57,200 |
$20,710 |
|
June |
58,900 |
22,680 |
|
July |
47,900 |
19,910 |
All of Martin’s purchases are on account with 46 percent paid in the month of purchase and the rest paid the following month.
What is Martin’s projected cash payments in June?
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Murray Corp. currently makes 3,300 subcomponents a year in one of its factories. The unit costs to produce are:
|
Description |
Per unit |
|
Direct materials |
$7 |
|
Direct labor |
3 |
|
Variable manufacturing overhead |
2 |
|
Fixed manufacturing overhead |
3 |
An outside supplier has offered to provide Murray Corp. with the 3,300 subcomponents at a $15 per unit price. Fixed overhead is not avoidable.
What is the maximum price Murray Corp. should pay the outside supplier?
