Information from the records of Conundrum Company for September was as follows:Sales$307,500Selling and administrative expenses52,500Direct materials used66,000Direct labor75,000Variable factory overhead50,000Factory overhead51,250 Inventories Sept. 1Sept 30Direct materials$ 8,000$10,500Work in process18,75021,000Finished goods17,25014,250Conundrum Company produced 20,000 units.What is the total product cost per unit (rounded to the nearest cent)?a.$12.24b.$14.74c.$12.11d.$12.18

Solution... Total product cost = Direct Material used + Direct labor + overhead (variable +…

Answered: Information from the records of…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...

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Information from the records of Conundrum Company for September was as follows:

Sales	$307,500
Selling and administrative expenses	52,500
Direct materials used	66,000
Direct labor	75,000
Variable factory overhead	50,000
Factory overhead	51,250

	Inventories
	Sept. 1	Sept 30
Direct materials	$ 8,000	$10,500
Work in process	18,750	21,000
Finished goods	17,250	14,250

Conundrum Company produced 20,000 units.

What is the total product cost per unit (rounded to the nearest cent)?

a.$12.24

b.$14.74

c.$12.11

d.$12.18

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