Gizmo Manufacturer,a widgets manufacturing company,divides its production operations into three processes-Department 1,Department 2,and Department 3.The company uses a process costing system.Gizmo incurred the following costs during the year to produce 4,600 units:

If Gizmo could sell only 3,600 units in during the year,what will be the cost per unit of widget produced? (Round your answer to the nearest cent. )

Question

Gizmo Manufacturer,a widgets manufacturing company,divides its production operations into three processes-Department 1,Department 2,and Department 3.The company uses a process costing system.Gizmo incurred the following costs during the year to produce 4,600 units:

If Gizmo could sell only 3,600 units in during the year,what will be the cost per unit of widget produced? (Round your answer to the nearest cent. )

Quizplus · Accepted Answer

D)Total costs / number of units produced = cost per unit
$33,500 / 4,600 = $7.28

Gizmo Manufacturer,a Widgets Manufacturing Company,divides Its Production Operations into Three