Sofea Factory manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000 Direct labour 18,000 Factory rent 12,000 Equipment deprecation – factory 2,000 Equipment depreciation – office 750 Marketing expense 2,500 Administrative expenses 40,000 35,000 units produced were in 2003. What is the product cost per unit? approximately $1.24 b. $1.80 c. approximately $3.04 d. $1.40 e. approximately $1.82

Sofea Factory manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000 Direct labour 18,000 Factory rent 12,000 Equipment deprecation – factory 2,000 Equipment depreciation – office 750 Marketing expense 2,500 Administrative expenses 40,000 35,000 units produced were in 2003. What is the product cost per unit? approximately $1.24 b. $1.80 c. approximately $3.04 d. $1.40 e. approximately $1.82

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EB: Roper Furniture manufactures office furniture and tracks cost data across their process. The...

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