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28 March, 12:13

aylor & Edwards Inc. manufactures television sets. Last month, direct materials (electronic components, etc.) costing $550,000 were put into production. Direct labor of $880,000 was incurred, manufacturing overhead equaled $495,000, and selling and administrative costs totaled $396,000. The company manufactured 8,400 television sets during the month. Assume that there were no beginning or ending work in process balances. What was the per unit prime cost? (Note: Round your answer to two decimal places.)

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  1. 28 March, 13:58
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    Unitary prime cost = $170.24

    Explanation:

    Giving the following information:

    Last month, direct materials (electronic components, etc.) costing $550,000 were put into production.

    Direct labor = $880,000.

    Manufacturing overhead equaled $495,000

    The company manufactured 8,400 television sets during the month.

    Unitary prime cost = (direct material + direct labor) / number of units

    Unitary prime cost = (550000 + 880000) / 8400 = $170.24
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