Product cost of producing one tire and the entire order

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Reference no: EM13753094

ZZ Tire Company has gotten an order for its manufacturing business segment of 25,000 tires. Using job order costing, figure out the total unit cost of manufacturing a tire and the total order.

Rubber in one tire: 8 pounds of rubber

Cost per pound of rubber: $1.50

Steel used in tire: 2 pounds of steel

Cost per pound of steel: $2.50

Payroll cost per hour: $15 per hour

Amount of time processing rubber: 5 minutes per pound of rubber

Amount of time molding and making tire: 20 minutes per tire

What is the product cost of producing one tire and the entire order?

Reference no: EM13753094

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