Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $26,000 were put into production. Direct labor of $20,000 (10 workers x 100 hours x $20 per hour) was incurred. Manufacturing overhead equaled $63,000. By the end of the week, the company had manufactured 5,000 hockey sticks. Required: 1. Calculate the total product cost for last week. $fill in the blank 1 2. Calculate the per-unit cost of one hockey stick that was produced last week. Round your answer to the nearest cent. $fill in the blank 2per unit
Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $26,000 were put into production. Direct labor of $20,000 (10 workers x 100 hours x $20 per hour) was incurred. Manufacturing overhead equaled $63,000. By the end of the week, the company had manufactured 5,000 hockey sticks. Required: 1. Calculate the total product cost for last week. $fill in the blank 1 2. Calculate the per-unit cost of one hockey stick that was produced last week. Round your answer to the nearest cent. $fill in the blank 2per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Total Product Cost and Per-Unit Product Cost
Slapshot Company makes ice hockey sticks. Last week, direct materials (wood, paint, Kevlar, and resin) costing $26,000 were put into production. Direct labor of $20,000 (10 workers x 100 hours x $20 per hour) was incurred. Manufacturing
Required:
1. Calculate the total product cost for last week.
$fill in the blank 1
2. Calculate the per-unit cost of one hockey stick that was produced last week. Round your answer to the nearest cent.
$fill in the blank 2per unit
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