Bruce Corporation makes your products in a single facility. These products have the following unit product COSTS.Direct materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadUnit product costAdditional data concerning these products are listed below.Grinding minutes per unitSelling price per unitVariable selling cost per unitMonthly demand in units.Multiple Choice10,8009,80010,500A$ 19.9012.2012,0001.6010.80$44.50ProductsB$15.208.702.1011.90$37.90CD$20.80 $ 23.2010.507.402.008.80$42.10ProductsAB1.200.70$59.30 $ 51.70$ 3.60 $ 1.504,0002,000The grinding machines are potentially the constraint in the production facility. A total of 9,000 minutes are available per month on these machines.Direct labor is a variable cost in this company.How many minutes of grinding machine time would be required to satisfy demand for all four products?C0.60$59.50$2.204,0002.1010.70$43.40D0.60$ 55.60$ 3.602,000

Answer:- Direct materials meaning:- Direct materials are the ingredients used to create a…

Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Additional data concerning these products are listed below. Grinding minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units. Multiple Choice C 10,800 9,800 10,500 A $19.90 12.20 1.60 10.80 $44.50 12.000 A 1.20 $59.30 $ 3.60 4,000 B $15.20 C $20.80 8.70 10.50 2.10 2.00 11.90 8.80 $ 37.90 $ 42.10 Products The grinding machines are potentially the constraint in the production facility. A total of 9,000 minutes are available per month Direct labor is a variable cost in this company. How many minutes of grinding machine time would be required to satisfy demand for all four products? B 0.70 $ 51.70 $ 1.50 2,000 C 0.60 $59.50 $2.20 4,000 D $23.20 7.40 2.10 10.70 $43.40 D 0.60 $ 55.60 $ 3.60 2,000

Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Additional data concerning these products are listed below. Grinding minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units. Multiple Choice C 10,800 9,800 10,500 A $19.90 12.20 1.60 10.80 $44.50 12.000 A 1.20 $59.30 $ 3.60 4,000 B $15.20 C $20.80 8.70 10.50 2.10 2.00 11.90 8.80 $ 37.90 $ 42.10 Products The grinding machines are potentially the constraint in the production facility. A total of 9,000 minutes are available per month Direct labor is a variable cost in this company. How many minutes of grinding machine time would be required to satisfy demand for all four products? B 0.70 $ 51.70 $ 1.50 2,000 C 0.60 $59.50 $2.20 4,000 D $23.20 7.40 2.10 10.70 $43.40 D 0.60 $ 55.60 $ 3.60 2,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
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