Examlex
Ace Plastics produces many different kinds of products all in one manufacturing facility. They have identified four activities for their costing system: The activity rates are as follows:
Ace received an order for 3,000 plastic toys. The engineering design shows that the order will require $540 of direct material cost in total, $90 of direct labor cost, will require 4 purchase orders, will use 2 metric tons of chemical base, will need 8 direct labor hours, and will produce 3.000 units of product. How much is the manufacturing cost for one unit of product? (Please round to the nearest tenth of a cent.)
Product
A good or service offered in the market to satisfy consumer needs or desires.
Promotion
Promotion involves activities designed to communicate the merits of a product or service with the aim to persuade target customers to purchase or consume more.
Financial Resources
Financial resources represent the funds a business has available for use in its operations, including cash, investments, and lines of credit.
Startup
A young company founded to develop a unique product or service and bring it to market.
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