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Compute factory over and production cost per unit

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MADAS Company manufactures a product in standard and Luxury models. Overhead is assigned on the basis of direct labor hours. Budgeted overhead for the current year is Birr 8,000,000. Other information regarding the products is as follows

Direct Material                   200                     130

Direct Labor Cost                    32                 16

Direct Labor Time                    3.2              1.6

Expected volume/unit           5000                40000

Required:

Question 1. Compute Factory over and production cost per unit If MADAS adopted the conventional costing method.

Reference no: EM132566839

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