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ProPats Hats Shirts Banners Direct Materials $ 5,000 $ 5,000 $ 5,000 Direct Labo

ID: 2346017 • Letter: P

Question

ProPats

                                     Hats               Shirts                 Banners
Direct Materials         $ 5,000             $ 5,000                $ 5,000
Direct Labor              $ 1,000             $ 1,000                $ 1,000



Activity Cost Pool        Est. Annual cost       Est. Activity cost             Activity Cost

Supervision                 $ 600                   3000 direct labor dollars             $0.20 per dir labor
Inspection                   $ 400                           10 inspections                    $40 per inspection
Depreciation                $ 2,000                    2000 machine hours               $1 per machine hour


                                       Hats                 Shirts               Banners
Direct Labor                 $ 1,000              $ 1,000              $ 1,000
No. of Inspections              4                        4                        2
Machine hours                  1000                  500                      500


Calculate the unit cost of a banner.

Explanation / Answer

Calculate the unit cost of a banner.
Total direct labor cost = $1,000 + $1,000 + $1,000 = $3,000
Direct labor rate per unit = $3,000 / Total direct labor hour (shown against supervision cost)   = $3,000 / 3,000 = $1.00 per unit.

No. of units (Banner)   = $1,000 / $1 = 1,000 units

Total cost (Banner)
Direct materials                           $5,000
Direct labor                                 $1,000
Factory overheads
Supervision   $0.20 x 1,000          $200
Inspection      $40 x 2                     $80
Depreciation $1 x 500                $500
Total cost                                $6,780
No. of units                                1,000
Unit cost   $6,780 / 1,000          $6.78

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