ACC 281 Week 3(1) - 17.69 6 28,500.00 3,500.00 The average...

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Sheet1 Page 1 ACCT 281 Week 3 Mike's Bikes, Inc. 1. 71,300.00 61,900.00 28,500.00 Total manufacturing costs are 161,700.00 2. 3,150.00 350.00 The numer of bicyles that were manufactured are 3,500.00 3. 161,700.00 3,500.00 The average unit manufacturing cost for 1 bicycle is 46.20 4. 71,300.00 3,500.00 The average unit manufacturing cost of direct materials is 20.37 5 61,900.00 3,500.00 The average unit manufacturing cost of direct labor is
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Unformatted text preview: 17.69 6 28,500.00 3,500.00 The average unit manufacturing cost of manufacturing overhead is 8.14 7. 255,500 3,150.00 The average selling price per bicycle is 81.11 8 81.11 46.20 The average gross profit on each bicycle sold is 34.91 9 46.20 81.11 56.96% The gross profit percentage is 43.04% 10 46.20 350.00 The cost of finished goods inventory is 16,170.00...
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