Knappert Corporation Makes One Product and Has Provided the Following

question 110

Multiple Choice

Knappert Corporation makes one product and has provided the following information:Each unit of finished goods requires 3 pounds of raw materials. The raw materials cost $5.00 per pound.The direct labor wage rate is $24.00 per hour. Each unit of finished goods requires 2.8 direct labor-hours.Manufacturing overhead is entirely variable and is $11.00 per direct labor-hour.The variable selling and administrative expense per unit sold is $3.80. The fixed selling and administrative expense per month is $50,000. The unit product cost is closest to:

• A) $82.20
• B) $93.20
• C) $30.80
• D) $113.00

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Definitions:

Three-Chambered Heart

A type of heart structure found in some amphibians and reptiles, consisting of two atria and one ventricle, allowing for a degree of separation between oxygenated and deoxygenated blood.

Amphibian

Tetrapod with scaleless skin; it typically develops in water, then lives on land as a carnivore with lungs. For example, a frog or salamander.

Organism

An individual that consists of one or more cells.

Interstitial Fluid

The fluid that surrounds the cells in animal tissues, providing the necessary nutrients and removing waste, not contained within blood vessels.