question archive A company produces and sells 20,000 units of a product
A company produces and sells 20,000 units of a product
Subject:AccountingPrice: Bought3
A company produces and sells 20,000 units of a product. Direct materials cost $22.00 per unit and the direct labour rate is $19.00 per DL hour. Each unit requires 1.20 DL hours to complete. The predetermined manufacturing overhead rate is based on DL hours at a rate of $8.00 per DL hour. The company prices its product with a 40% margin.
