amra Corp. makes one product line. In February, Tamra paid $106,000 in factory overhead costs. Of that amount, $24,800 was for January’s factory utilities and $9,600 was for property taxes on the factory for the year. February’s factory utility bill arrived on March 12, and was only $16,200 because the weather was significantly milder than in January. Tamra Corp. produced 10,000 units of product in both January and February. a. What were Tamra’s actual factory overhead costs for February?    b. Actual per-unit direct material and direct labor costs for February were $24.30 and $10.95. What was actual total product cost per unit for February? Note: Round final answer to two decimal places

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 8EA: Queen Industries uses a standard costing system in the manufacturing of its single product. It...
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Analyzing product costs
Tamra Corp. makes one product line. In February, Tamra paid $106,000 in factory overhead costs. Of that amount, $24,800 was for January’s factory utilities and $9,600 was for property taxes on the factory for the year. February’s factory utility bill arrived on March 12, and was only $16,200 because the weather was significantly milder than in January. Tamra Corp. produced 10,000 units of product in both January and February.

a. What were Tamra’s actual factory overhead costs for February? 

 


b. Actual per-unit direct material and direct labor costs for February were $24.30 and $10.95. What was actual total product cost per unit for February?
Note: Round final answer to two decimal places.

 

 

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