The Homer Corporation produces two products, and reports the following production and cost information for the most recent accounting period. Product A Product BNumber of units produced 10,000units 2,000unitsDirect labor @ $20 per direct labor hour (DLH) 0.50DLH per unit 2.00DLH per unitDirect materials cost$2per unit $30per unit Overhead costs:Total Cost ActivityDriverProduct AProduct BMachine setup$1,200.00 setups5setups15setupsQuality inspections 24,000.00 inspections60inspections140inspectionsTotal$25,200.00 Using activity-based costing to assign overhead costs, the total product cost per unit for Product B is:
A. $13.40 per unit
B. $78.85 per unit
C. $75.60 per unit
D. $12.75 per unit
E. $14.60 per unit
Answer: B
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The first court to hear a federal case is:
a. an initial court b. a state circuit court c. the U.S. Supreme Court d. a U.S. district court e. a mayor’s court
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:MonthUtilities Machine HoursJanuary$8,700 800 February 8,360 720 March 8,950 810 April 9,360 920 May 9,625 950 June 9,150 900 The variable utilities cost per machine hour for Barkoff is:
A. $4.50. B. $5.00. C. $5.50. D. $0.18. E. None of the answers is correct.
Which one of the following is not a basic part of an insurance contract?
A) Deductibles B) Conditions C) Declarations D) All of the above are a basic part of an insurance contract.
An acknowledgment on a deed: A)?Is a type of warranty
B)?Is a notary verification. C)?Cannot be placed on a quitclaim deed. D)?Is assumed on a warranty deed.