Sofea Factory manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000 Direct labour 18,000 Factory rent 12,000 Equipment deprecation – factory 2,000 Equipment depreciation – office 750 Marketing expense 2,500 Administrative expenses 40,000 35,000 units produced were in 2003. What is the product cost per unit? approximately $1.24 b. $1.80 c. approximately $3.04 d. $1.40 e. approximately $1.82
Sofea Factory manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000 Direct labour 18,000 Factory rent 12,000 Equipment deprecation – factory 2,000 Equipment depreciation – office 750 Marketing expense 2,500 Administrative expenses 40,000 35,000 units produced were in 2003. What is the product cost per unit? approximately $1.24 b. $1.80 c. approximately $3.04 d. $1.40 e. approximately $1.82
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 4EB: Roper Furniture manufactures office furniture and tracks cost data across their process. The...
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- Sofea Factory manufactures key chains for college bookstores. During 2003, the company had the following costs:
Direct materials used $ 31,000
Direct labour 18,000
Factory rent 12,000
Equipment deprecation – factory 2,000
Equipment
Marketing expense 2,500
Administrative expenses 40,000
35,000 units produced were in 2003. What is the product cost per unit?
approximately $1.24
b. $1.80
c. approximately $3.04
d. $1.40
e. approximately $1.82
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