Knowee
Questions
Features
Study Tools

If ABC Company determines its cost per unit for July's production is $28.75 and it produced 12,600 units, ABC's total manufacturing costs (direct materials, direct labor, and manufacturing overhead) incurred in July is $.

Question

If ABC Company determines its cost per unit for July's production is 28.75anditproduced12,600units,ABCstotalmanufacturingcosts(directmaterials,directlabor,andmanufacturingoverhead)incurredinJulyis28.75 and it produced 12,600 units, ABC's total manufacturing costs (direct materials, direct labor, and manufacturing overhead) incurred in July is .

🧐 Not the exact question you are looking for?Go ask a question

Solution

To calculate the total manufacturing costs for ABC Company in July, you need to multiply the cost per unit by the number of units produced.

Here are the steps:

  1. Identify the cost per unit, which is $28.75.
  2. Identify the number of units produced, which is 12,600.
  3. Multiply the cost per unit by the number of units produced.

So, 28.75(costperunit)12,600(numberofunitsproduced)=28.75 (cost per unit) * 12,600 (number of units produced) = 361,500.

Therefore, ABC's total manufacturing costs incurred in July is $361,500.

This problem has been solved

Similar Questions

Following are ABC Company's production costs for January:Direct Materials $83,000Direct Labor $39,000Manufacturing Overhead $5,200Calculate the total cost that can be directly traced to specific products in the production process.

ABC Company incurred $124,000 of manufacturing overhead in March and applied $120,000 to March production. If ABC produced 16,000 units during March, its predetermined overhead rate being used for the year is $ per unit.

ABC Company incurred the following product costs to manufacture 1,000 finished units in May. Direct materials: $2,600. Direct labor: $3,800. Manufacturing overhead: $2,200. The cost of each unit produced in May is $.

ABC Company's production budget for October is based on 500 units. Standard unit cost for raw materials is $130 per unit ($10 per pound x 13 pounds per unit). ABC's actual production in October = 525 units. The actual cost of materials used = $69,300 ($11 per pound x 12 pounds per unit).Calculate the raw materials usage variance for October:Raw materials usage variance = $.Use F or U to identify the variance as Favorable or Unfavorable: .

ABC Company's production budget for April included the following for direct labor: Budgeted production = 15,000 units; Budgeted direct labor unit cost = $24 per unit. ABC Company's actual production for April was the following: Actual production = 16,000 units; Actual direct labor cost = $25.00 per unit.Calculate the following items for ABC's April performance report for direct labor:Original budget = $.Flexed budget = $.

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.