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In a month, we have 30 days and each day we produce 100units. The required data...

In a month, we have 30 days and each day we produce 100units. The required data can be given as below:Administration cost: $3,000 per monthMaterial Cost (30% is indirect): $12,000 per monthAdvertising cost: $4,000 per monthLabour Cost (40% is indirect): $10,000 per monthInsurance Costof furniture in the MarketingDepartment: $20,000 per monthResearch Expense: $50 per monthRepairing Cost: $100 per monthMaintenance Cost: $75 per monthElectricity cost: $50per dayRequired: Please calculate cost of a single product?

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Answer #1

cost of a single product:-

Manufacturing cost:- Material Cost $ 12000 + Labour Cost $ 10000 + Electricity cost ( 50 * 30 days ) = $ 23500

Product cost of a single product = 23500 / 3000 units = $ 7.833

Other costs :- Administration cost: $3,000 + Advertising cost: $4,000 + Insurance Cost $ 20000 + Research Expense: $50 + Repairing Cost: $100 + Maintenance Cost: $75 = $ 27225

Period cost of a single product = 27225 / 3000 units = $ 9.075

cost of a single product:- 7.833 + 9.075 = $ 16.908

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