Problem 6-41 Product Costing (LO 6-4) Tiger Furnishings produces two models...
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Accounting
Problem 6-41 Product Costing (LO 6-4)
| Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: |
| Basic | Dominator | Total | |||||||
| Units produced | 1,000 | 250 | 1,250 | ||||||
| Machine-hours | 4,000 | 2,000 | 6,000 | ||||||
| Direct labor-hours | 3,000 | 2,000 | 5,000 | ||||||
| Direct materials costs | $ | 10,000 | $ | 3,750 | $ | 13,750 | |||
| Direct labor costs | 64,500 | 35,500 | 100,000 | ||||||
| Manufacturing overhead costs | 174,100 | ||||||||
| Total costs | $ | 287,850 | |||||||
| Required: |
| Compute the individual product costs per unit assuming that Tiger Furnishings uses direct labor costs to allocate overhead to the products.(Do not round intermediate calculations. Round final answers to 2 decimal places.) |
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