Answer:
Cost per machine = $2,440 per machine
Explanation:
Provided Information
Opening work in process = $23,000
Additions during the month
Direct Materials = $24,000
Direct Labor = $17,000
Manufacturing Overheads = $14,000
Total during the month = $55,000
Closing work in process = $17,000
Cost of manufacturing during the month = Opening + Additions - Closing
= $23,000 + $55,000 - $17,000 = $61,000
Number of machines produced = 25 machines
Cost per machine = $61,000/ 25 = $2,440 per machine
