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Problem: Gerald Boards produces two kinds of skateboards. Selected unit data for the two boards for the last quarter follow.
Basco Boards
Shimano Boards
Production costs
Direct materials
$24.50
$37.00
Direct labor
$30.50
$52.00
Allocated overhead
$15.20
$19.00
Total units produced and sold
4,500
8,500
Total sales revenue
$389,250
$1,062,500
Gerald allocates production using activity-based costing. It allocates delivery expense and sales commissions, which amount to $56,500 per quarter, to the two products equally.
Required:
a. Compute per unit cost for each product.
b. Compute the profit each product.
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