Reference no: EM132644467

Question -

Q1. During the month of June, Reardon Company incurs $17,000 of direct labour and $8,500 of manufacturing overhead, and purchases $15,000 of raw materials. Between the beginning and the end of the month, the raw-materials inventory increases by $2,000, the finished goods inventory increases by $1,500, and the work-in-process inventory decreases by $3,000. What is the cost of goods manufactured?

$38,500.

$40,500.

$41,500.

$43,500.

Q2. Martinez Company's relevant range of production is 8,500 units to 13,500 units. When it produces and sells 11,000 units, its unit costs are as follows:

Amount

Per Unit Direct materials $5.10

Direct labour $2.60

Variable manufacturing overhead $1.60

Fixed manufacturing overhead $3.10

Fixed selling expense $2.10

Fixed administrative expense $2.10

Sales commissions $1.10

Variable administrative expense $0.55

If 9,000 units are sold, what is the variable cost per unit sold? (Round your answer to 2 decimal places.)