Zhi Company produces wrist watches and sells them at $95 per unit. In 2021, 48076 watches were
Question:
Zhi Company produces wrist watches and sells them at $95 per unit. In 2021, 48076 watches were produced and 37687 were sold. Other information for the year includes:
Direct materials $40 per unit
Direct manufacturing labour $9.79 per unit
Variable manufacturing costs $3.30 per unit
Sales commissions $12.65 per part
Fixed manufacturing costs $60.74 per unit
Administrative expenses, all fixed $39.23 per unit
What is the inventoriable cost per unit of watch using absorption costing method? (Round the final answer to 2 decimal places.)
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso