Allied Company showed the following costs for last month.
Last month,Allied produced and sold 20,000 units at a sales price per unit of $18.Assume no beginning or ending inventory balances for work in process and finished goods inventory.
Required: Solve for the following amounts.
$$\begin{array} { l r }
\text { Direct materials } & \$ 40,000 \
\text { Direct labour } & 35,000 \
\text { Overhead } & 52,000 \
\text { Selling expense } & 17,000 \
\text { Administrative expense } & 12,000
\end{array}$$ A. total product cost for last month
B. unit product cost for last month
C. total period costs
D. gross margin for last month
E. operating income for last month

Question

Allied Company showed the following costs for last month.
Last month,Allied produced and sold 20,000 units at a sales price per unit of $18.Assume no beginning or ending inventory balances for work in process and finished goods inventory.
Required: Solve for the following amounts.
 $$\begin{array} { l r } 
\text { Direct materials } & \$ 40,000 \
\text { Direct labour } & 35,000 \
\text { Overhead } & 52,000 \
\text { Selling expense } & 17,000 \
\text { Administrative expense } & 12,000
\end{array}$$ A. total product cost for last month
B. unit product cost for last month
C. total period costs
D. gross margin for last month
E. operating income for last month

Quizplus · Accepted Answer

The Answer of Allied Company showed the following costs for last month.
Last month,Allied produced and sold 20,000 units at a sales price per unit of $18.Assume no beginning or ending inventory balances for work in process and finished goods inventory.
Required: Solve for the following amounts.
 $$\begin{array} { l r } 
\text { Direct materials } & \$ 40,000 \
\text { Direct labour } & 35,000 \
\text { Overhead } & 52,000 \
\text { Selling expense } & 17,000 \
\text { Administrative expense } & 12,000
\end{array}$$ A. total product cost for last month
B. unit product cost for last month
C. total period costs
D. gross margin for last month
E. operating income for last month

Allied Company Showed the Following Costs for Last Month A Total Product Cost for Last Month B

Allied Company Showed the Following Costs for Last Month A Total Product Cost for Last Month
B