question archive West Bend River Fasteners' accountant uncovers the following financial information for the past quarter for the company: Total price paid for materials - $57,000 Total wages and benefits paid for production labor - $75,000 Total electricity usage — $5,000 Machinery spares used - $8,500 Factory janitorial staff salary - $3,200 Depreciation of plant and equipment - $24,000 Factory manager's salary and benefits - $18,000 Company accountant's office expenses - $4,500 Depreciation of delivery trucks - $14,000 What was West Bend's manufacturing overhead per unit if the volume produced was 15,000? $1
West Bend River Fasteners' accountant uncovers the following financial information for the past quarter for the company: Total price paid for materials - $57,000 Total wages and benefits paid for production labor - $75,000 Total electricity usage — $5,000 Machinery spares used - $8,500 Factory janitorial staff salary - $3,200 Depreciation of plant and equipment - $24,000 Factory manager's salary and benefits - $18,000 Company accountant's office expenses - $4,500 Depreciation of delivery trucks - $14,000 What was West Bend's manufacturing overhead per unit if the volume produced was 15,000? $1
Subject:AccountingPrice:2.84 Bought3
West Bend River Fasteners' accountant uncovers the following financial information for the past quarter for the company: Total price paid for materials - $57,000 Total wages and benefits paid for production labor - $75,000 Total electricity usage — $5,000 Machinery spares used - $8,500 Factory janitorial staff salary - $3,200 Depreciation of plant and equipment - $24,000 Factory manager's salary and benefits - $18,000 Company accountant's office expenses - $4,500 Depreciation of delivery trucks - $14,000 What was West Bend's manufacturing overhead per unit if the volume produced was 15,000? $1.41 B $3.91 $0.21 D $2.10
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
Solution :
|
Statement showing calculation of West Bend's manufacturing overhead per unit |
||
|
Sl.No. |
Particulars |
Amount |
|
1 |
Total electricity usage |
$ 5,000.00 |
|
2 |
Machinery spares used |
$ 8,500.00 |
|
3 |
Factory janitorial staff salary |
$ 3,200.00 |
|
4 |
Depreciation on plant and equipment |
$ 24,000.00 |
|
5 |
Factory manager's salary and benefits |
$ 18,000.00 |
|
6 |
Total manufacturing overhead |
$ 58,700.00 |
|
7 |
Number of units produced |
15,000 |
|
8 |
Manufacturing overhead per unit = (6) / (7) |
3.913333 |
|
9 |
Manufacturing overhead per unit |
$ 3.91 |
West Bend's manufacturing overhead per unit if the volume produced was 15,000 = $ 3.91
Thus the solution is option B. $ 3.91
