In the first month of operation, the manufacturing costs for Tittle-Tattle Company

QUESTION

Chapter 20In the first month of operation, the manufacturing costs for Tittle-Tattle Company were as follows:Direct Materials used $ 94500Direct Labor $105600Factory Overhead (applied) $132000Factory overhead (actual) $135000During the month, 16000 units were completed and 2000 units were in process at the end of the month. The 2000 units in process were 100% completed as to materials and 80% completed as to direct labor and factory overhead.Compute following:1. Direct Materials cost per unit2. Equivalent units of production for direct labor and factory overhead3. Direct labor cost per unit4. Factory overhead cost per unit5. Total manufacturing cost per unit6. Total manufacturing costs7. Total cost of 16000 units completed8. Total cost of 2000 units in process at end of month9. Overhead application rate10. Is the factory overhead balance a debit?

ANSWER:

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