Dear Sir,
I have a question which i am unable to arrive at the correct answer.
Below is the question:
ILCB has the following information relating to one of its products:
• Direct Material cost per unit $1.00
• Direct Labour cost per unit $ 3.00
• Variable production per unit $ 3.00
• Fixed production overhead $ 30,000.00 per month
•Budgeted production 15,000.00 units per month
Required:
Calculate the cost per unit and the total cost of the budgeted monthly production?
Thank you for your help.