Knappert Corporation Makes One Product and Has Provided the Following

question 144

Multiple Choice

Knappert Corporation makes one product and has provided the following information:
A.Each unit of finished goods requires 3 pounds of raw materials.The raw materials cost $5.00 per pound.
B.The direct labor wage rate is $24.00 per hour.Each unit of finished goods requires 2.8 direct labor-hours.
C.Manufacturing overhead is entirely variable and is $11.00 per direct labor-hour.
D.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:

Counting

The action of finding the number of elements of a finite set of objects.

Indicating

The act of pointing out or showing something, often used in the context of data presentation or signaling.

Visual Knowledge

Knowledge acquired and processed primarily through visual means, including the understanding of objects, symbols, and scenes.

Association Cortex

Neocortex outside primary sensory and motor cortices; functions to produce cognition.