Complete the following table:Round all per unit amounts to the nearest penny (2 places...

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Accounting

Complete the following table:
Round all per unit amounts to the nearest penny (2 places to theright of the decimal point.)
Round total cost amounts to the nearest dollar.
January February
Units produced and sold 14000 12600
Total costs:
Direct labor 108360
Direct materials 107100
Variable overhead costs 69300
Factory rent 160000
Sales commissions 25200
Administrative salaries 114000
Per unit costs for select rows:
Direct labor 8.60
Direct materials 8.50
Factory rent
Administrative salaries

Answer & Explanation Solved by verified expert

3.9 Ratings (439 Votes)

	January	February
Units produced and sold	14,000	12,600
Total costs:
Direct labor	$1,20,400.00	$ 1,08,360.00
Direct materials	$1,19,000.00	$ 1,07,100.00
Variable overhead costs	$ 77,000.00	$ 69,300.00
Factory rent	$1,60,000.00	$ 1,60,000.00
Sales commissions	$ 28,000.00	$ 25,200.00
Administrative salaries	$1,14,000.00	$ 1,14,000.00
Per unit costs for select rows:
Direct labor	$ 8.60	$ 8.60
Direct materials	$ 8.50	$ 8.50
Factory rent	$ 11.43	$ 12.70
Administrative salaries	$ 8.14	$ 9.05

Working

	January	February
Units produced and sold	14000	12600
Total costs:
Direct labor	=8.6*14000	108360
Direct materials	=8.5*14000	107100
Variable overhead costs	=69300/12600*14000	69300
Factory rent	160000	160000
Sales commissions	=2*14000	25200
Administrative salaries	114000	114000
Per unit costs for select rows:
Direct labor	8.6	=108360/12600
Direct materials	8.5	=107100/12600
Factory rent	=160000/14000	=160000/12600
Administrative salaries	=114000/14000	=114000/12600

Fixed cost such as Administrative salaries and factory rent remain same at all levels. Variable cost on the other hand will increase with increase in units as variable cost per units remains same but change in totality.

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Transcribed Image Text

In: AccountingComplete the following table:Round all per unit amounts to the nearest penny (2 places to...Complete the following table:Round all per unit amounts to the nearest penny (2 places to theright of the decimal point.)Round total cost amounts to the nearest dollar.JanuaryFebruaryUnits produced and sold1400012600Total costs:Direct labor108360Direct materials107100Variable overhead costs69300Factory rent160000Sales commissions25200Administrative salaries114000Per unit costs for select rows:Direct labor8.60Direct materials8.50Factory rentAdministrative salaries