Solution-Components of full costs, Compute product costs

Components of full costs

Reference no: EM13552411

Components of Full Costs

Gibson Corporation has compiled the following information from the accounting system for the one product it sells:

Sales price	$300 per unit
Fixed costs (for the month)
Marketing and administrative	$36,000
Manufacturing overhead	$54,000
Variable costs (per unit)
Marketing and administrative	$6
Direct materials	$90
Manufacturing overhead.	$20
Direct labor	$55
Units produced and sold (for the month)	1,800

Required

Compute:

a. Product costs per unit.

b. Period costs for the period.

Reference no: EM13552411

Questions Cloud

Find by what percentage is flat-earth calculation in error : A 1.0 object is released from rest 500km above the earth. By what percentage is the flat-earth calculation in error

Obtain at what frequency does the driver of car hear siren : An ambulance traveling at 47 m/s approaches a car heading in the same direction at a speed of 31 m/s. At what frequency does the driver of the car hear the siren

Estimate how fast is the race car moving : The pitch of the sound from a race car engine drops the musical interval of a third when it passes the spectators. How fast is the race car moving

Evaluate the constant angular acceleration of the centrifuge : A centrifuge in a medical laboratory rotates at an angular speed of 3400 rev/min. Find the constant angular acceleration of the centrifuge

Components of full costs : Compute product costs per unit and period costs for the period - Components of Full Costs

Determine the inventorys direct labor costs : Determine the companys predetermined overhead rate for year 2011 - determine the inventory's direct labor costs and its overhead costs.

Evaluate what is the mass of the wheel : A large grinding wheel in the shape of a solid cylinder of radius 0.330 m is free to rotate on a frictionless, vertical axle. What is the mass of the wheel

What valuation must be reported for debt securities : What valuation must be reported for debt securities classified as available-for-sale, debt securities reported at cost and adjusted for amortization of any difference between cost and maturity value?

Calculate how much time is gained or lost in a year : The pendulum in a grandfather clock is made of brass and keeps perfect time at 20 degrees Celsius. How much time is gained or lost in a year

User Account

All Pages

Components of full costs

Reference no: EM13552411

Reference no: EM13552411

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT