Calculate total product cost per unit for the quarter

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Reference no: EM131955219

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.

Each unit requires the following labor:

2 hours in the processing department

1 hour in the assembly department

Processing department labor rate is $4/hour

Assembly department labor rate is $6/hour

Variable Factory overhead is $.60 per unit

Fixed Factory overhead is $1,000 monthly

Using the information from the production budget of Tangshang Industries

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

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

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

Reference no: EM131955219

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