Answer:
The $64.20 is the unit product cost.
Explanation:
For computing the units produced for 1000 units, first we have to compute the total cost which is equals to
= Direct labor cost + direct material cost + manufacturing overhead
where,
Direct labor cost = labor hours × rate per hour
= 800 × $14
= $11,200
And. the manufacturing overhead = $8,000
Direct material = $45,000
Now put these values on the above equation
So,
Total units = $11,200 + $8,000 + $45,000
= $64,200
So the unit product cost is equals to
= Total cost ÷ number of units produced
= $64,200 ÷ 1,000
= $64.20
Hence, $64.20 is the unit product cost.
