Cost of goods sold per unit

Assignment Help Accounting Basics

Reference no: EM13160345

If M Corporation manufactures a specialty line of jeans using a job-order-cost system. During May, the following costs were incurred in completing Job M1: direct materials, $13,700; direct labor, $4,800; administrative, $1,400; and selling, $5,600. Overhead was applied at the rate of $25 per machine hour, and Job M1 required 800 machine hours. If Job M1 resulted in 7,000 good jeans, what would be the cost of goods sold per unit? Show your work.

Reference no: EM13160345

Questions Cloud

The use of decision logic : The use of decision logic is one of the major concepts of computer programming.

Explain research on financial statement disclosure debate : What do you think? Please support your opinion with additional research on the financial statement disclosure debate.

Pros and cons of using electronic medical records : What are the pros and cons of using electronic medical records? Do you feel that the use of electronic medical records detracts from the personal nature of the relationship a patient has with a physician?

The reversible chemical reaction has the equilibrium : The reversible chemical reaction has the following equilibrium constant: Kc=[C][D]/[A][B]=7.0 Initially, only A and B are present, each at 2.00 M .

Cost of goods sold per unit : If Job M1 resulted in 7,000 good jeans, what would be the cost of goods sold per unit? Show your work.

Difference between distance and displacement : Explain why the difference between distance and displacement is of little concern in practical applications where velocity is calculated.

State the resultant genotypes in the f-2 generation : Parents are homozygous: Tall, yellow leaf plant (TTgg)x short, green leaf plant (ttGG)

Explain what is the concentration of the dilute aspirin : What is the concentration of the dilute aspirin? a. What is the concentration of the aspirin in the dilute aspirin solution? b. What is the concentration of the original solution ? C. How many mg of aspirin are present in one tablet of Brand Y asp..

What is the enthalpy change : what is the enthalpy change when 40.1 mL of 0.400 M sulfuric acid reacts with 19.5 mL of 0.133 M potassium hydroxide? H2SO4(aq)+2KOH(aq)->K2SO4(aq)+2H2O(L)

User Account

All Pages