C le Secure! https://new ed Chapter 8 Quiz 5 Knappert Corporation makes one prod

Question

C le Secure! https://new ed Chapter 8 Quiz 5 Knappert Corporation makes one product and has provided the following Information: Help Save & Exit Submit a. Each unit of finished goods requires 3 pounds of raw materials. The ravw b. The direct labor wage rate is $24.00 per hour Each unit of finished goods requires 2.8 direct labor-hours c Manufacturing overhead is entirely variable and is $11.00 per direct labor-hour d. The points materiais cost $5.00 per pound. variable selling and administrative expense per unit sold is $3.80. The fixed selling and administrative expense $50,000. The unit product cost is closest to: per month is Multiple Choice $93.20 $30.80

Explanation / Answer

Direct materials 15 =5*3 Direct labor 67.2 =24*2.8 Manufacturing Overhead 30.8 =11*2.8 Unit product cost 113 Option 4 is correct

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