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Ahmad manufactures key chains for college bookstores. During 2003, the company had the following costs:   Direct materials used                        MYR31,000 Direct labour                                        18,000 Factory rent                                         12,000 Equipment deprecation – factory           2,000 Equipment depreciation – office                750 Marketing expense                                 2,500 Administrative expenses                         40,000   35,000 units produced were in 2003. What is the product cost per unit? a. approximately MYR1.24 b. MYR1.80 c. approximately MYR3.04 d. MYR1.40 e. approximately MYR1.82

Ahmad manufactures key chains for college bookstores. During 2003, the company had the following costs:   Direct materials used                        MYR31,000 Direct labour                                        18,000 Factory rent                                         12,000 Equipment deprecation – factory           2,000 Equipment depreciation – office                750 Marketing expense                                 2,500 Administrative expenses                         40,000   35,000 units produced were in 2003. What is the product cost per unit? a. approximately MYR1.24 b. MYR1.80 c. approximately MYR3.04 d. MYR1.40 e. approximately MYR1.82

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...
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Kilang Ahmad manufactures key chains for college bookstores. During 2003, the company had the following costs:

 

Direct materials used                        MYR31,000
Direct labour                                        18,000
Factory rent                                         12,000
Equipment deprecation – factory           2,000
Equipment depreciation – office                750
Marketing expense                                 2,500
Administrative expenses                         40,000

 

35,000 units produced were in 2003. What is the product cost per unit?


  1. a. approximately MYR1.24
    b. MYR1.80
    c. approximately MYR3.04
    d. MYR1.40
    e. approximately MYR1.82                         
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