Calculate total product cost for the quarter april

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Reference no: EM131955492

Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced:

April 1,000 units

May 1,200 units

June 1,250 units

Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.25 per unit and component B cost is $.80 per unit.

Direct Material budgeted cost for May 2018 =$5880

b) Total unit produced = 3450

Direct Material budgeted cost for the quarter April - June 2018 =$ 16905

c) inventory of component A is required in April 2018 =Unit produced in april *requirement= 2000 components

Total Direct Labor Cost in the processing department for the quarter April – June 2018= $ 27600

Total Direct Labor Cost for June 2018. =$ 17500

Total Direct Labor Cost for the quarter April – June 2018.=[ Total unit produced * hours used in processing department *rate of processing department) +([ Total unit produced * hours used in assembly department *rate of assembly department)= $ 4830

Variable Factory overhead is $.60 per unit

Fixed Factory overhead is $1,000 monthly

Using the information from the production budget of Tangshang Industries

Calculate total variable overhead cost for May 2018

Calculate total variable overhead cost for the quarter April - June 2018

Calculate total overhead cost for the quarter April - June 2018

Calculate total product cost for the quarter April - June 2018

Calculate total product cost per unit for the quarter April - June 2018

If the sale price is $32.50, what will be the Gross Profit per unit?

If the sale price is $32.50 for the units produced during the quarter, what will be the Total Gross Profit?

Reference no: EM131955492

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