S18-ACCT 1020-100 Rachel Dorset &1 4/4/18 7:09 AM Quiz: Chapter 18 Quiz Submit Q

Question

S18-ACCT 1020-100 Rachel Dorset &1 4/4/18 7:09 AM Quiz: Chapter 18 Quiz Submit Qulz This Question: 1 pt 1 of 10 (0 complete) This Quiz: 10 pts possible Gizmo Manufacturer, a widgets manufacturing company, divides its production operations into three processes -Department 1, Department 2, and Department 3. The company uses a process costing system. Gizmo incurred the following costs during the year to produce 4,200 units: $18,000 9,000 8,000 Department 2 If Gizmo.could sel only 3,600 units in during the yoar, what will be the cost per unit of widget produced? (Round your answer to the nearest cent) O A. $4.29 O B. $6.43 O c. $9.7 O D. $8.33 Click to select your answer

Explanation / Answer

Answer D. 8.33

Explanation

Total cost = Deapartment 1 cost + Deapartment 2 cost + Deapartment 3 cost = $18,000 + $9,000 + $8,000 = $35,000

Cost per unit of widget produced = Total cost / Number of units produced = $35,000 / 4,200 units = $8.33

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