13. Coed Novelties manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000 Direct labor 18,000 Factory rent Equipment...

13. Coed Novelties manufactures key chains for college bookstores. During 2003, the company<br>had the following costs:<br>Direct materials used<br>$ 31,000<br>Direct labor<br>18,000<br>Factory rent<br>Equipment deprecation – factory 2, 000<br>Equipment depreciation – office<br>Marketing expense<br>Administrative expenses<br>12,000<br>750<br>2,500<br>40,000<br>35,000 units produced were in 2003. What is the product cost per unit?<br>a. approximately $1.24<br>b. $1.80<br>c. approximately $3.04<br>d. $1.40<br>e. approximately $1.82<br>

Extracted text: 13. Coed Novelties manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000 Direct labor 18,000 Factory rent Equipment deprecation – factory 2, 000 Equipment depreciation – office Marketing expense Administrative expenses 12,000 750 2,500 40,000 35,000 units produced were in 2003. What is the product cost per unit? a. approximately $1.24 b. $1.80 c. approximately $3.04 d. $1.40 e. approximately $1.82

Jun 01, 2022

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13. Coed Novelties manufactures key chains for college bookstores. During 2003, the company had the following costs: Direct materials used $ 31,000 Direct labor 18,000 Factory rent Equipment...

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