Chapter 20
In the first month of operation, the manufacturing costs for Tittle-Tattle Company were as follows:
Direct Materials used $ 94500
Direct Labor $105600
Factory Overhead (applied) $132000
Factory overhead (actual) $135000
During the month, 16000 units were completed and 2000 units were in process at the end of the month. The 2000 units in process were 100% completed as to materials and 80% completed as to direct labor and factory overhead.
Compute following:
1. Direct Materials cost per unit
2. Equivalent units of production for direct labor and factory overhead
3. Direct labor cost per unit
4. Factory overhead cost per unit
5. Total manufacturing cost per unit
6. Total manufacturing costs
7. Total cost of 16000 units completed
8. Total cost of 2000 units in process at end of month
9. Overhead application rate
10. Is the factory overhead balance a debit?
