Computing Average Unit Costs Foamy Inc. manufactures shaving cream and uses the

Question

Computing Average Unit Costs Foamy Inc. manufactures shaving cream and uses the weighted average cost method. In November, production is 14,800 equivalent units for materials and 13,300 units for labor and overhead. During the month, materials, labor and overhead costs were as follows: Labor 68,134 17,200 Beginning work in process for Novamber had a cost of $11,360 for materials, $11,66 for labor, and $9,250 for overhead. Compute the following: (Round your anawers to two decimal places, if necessary.) a. Weighted average cost per unit for materials per unit b. Weighted average cost per unit for labor per unit c. Weighted average cost per unit for overhead per unit d. Total unit cost for the month per unit

Explanation / Answer

Statement of cost per unit Opening cost Current cost Total Cost Equivalent units Cost per Equivalent unit Material 11360 73000 84360 14800 5.7 Labour 11666 68134 79800 13300 6 Overheads 9250 77200 86450 13300 6.5 Total cost per unit of production 18.2 Therefore, Weighted Average cost per unit of material $ 5.70 per unit Weighted Average cost per unit of labour $6.00 per unit Weighted Average cost per unit of overheads $ 6.50 per unit Total cost per unit $ 18.20 per unit

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.