Information from the records of Conundrum Company for September was as follows: Sales $307,500 Selling and administrative expenses 52,500 Direct materials used 66,000 Direct labor 75,000 Variable factory overhead 50,000 Factory overhead 51,250 Inventories Sept. 1 Sept 30 Direct materials $ 8,000 $10,500 Work in process 18,750 21,000 Finished goods 17,250 14,250
Information from the records of Conundrum Company for September was as follows: Sales $307,500 Selling and administrative expenses 52,500 Direct materials used 66,000 Direct labor 75,000 Variable factory overhead 50,000 Factory overhead 51,250 Inventories Sept. 1 Sept 30 Direct materials $ 8,000 $10,500 Work in process 18,750 21,000 Finished goods 17,250 14,250
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...
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Information from the records of Conundrum Company for September was as follows:
Conundrum Company produced 20,000 units.
What is the total product cost per unit (rounded to the nearest cent)?
Sales | $307,500 |
Selling and administrative expenses | 52,500 |
Direct materials used | 66,000 |
Direct labor | 75,000 |
Variable factory |
50,000 |
Factory overhead | 51,250 |
Inventories | ||
Sept. 1 | Sept 30 | |
Direct materials | $ 8,000 | $10,500 |
Work in process | 18,750 | 21,000 |
Finished goods | 17,250 | 14,250 |
Conundrum Company produced 20,000 units.
What is the total product cost per unit (rounded to the nearest cent)?
a.$12.24
b.$14.74
c.$12.11
d.$12.18
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