Reference no: EM13878433
Lima Company manufactured 30,000 units of product last month and identified the following costs associated with the manufacturing activity:
Variable costs:
Direct materials used. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 510,000
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,120,000
Indirect materials and supplies . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120,000
Power to run plant equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140,000
Fixed costs:
Supervisory salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 465,000
Plant utilities (other than power to run plant equipment) . . . . . . . . . 110,000
Depreciation on plant and equipment (straight-line, time basis) . . . 67,500
Property taxes on building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97,500
Required :
Unit variable costs and total fixed costs are expected to remain unchanged next month. Calculate the unit cost and the total cost if 25,000 units are produced next month.
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