1&2&3

Direct materials $508,898 Direct labor 69,782 Expected and actual variable overhead 343,804 Expected and actual fixed overhead 408,480 Required: If required, round unit cost answers to the nearest cent, 1. Calculate the unit cost and the cost of finished goods inventory under absorption costing, Unit Cost Cost of finished goods inventory 2. Calculate the unit cost and the cost of finished goods inventory under variable costing. Unit Cost Cost of finished goods inventory 3. What is the dollar amount that would be used to report the cost of finished goods Inventory to external parties? Why? Unit Costs, Inventory Valuation, Variable and Absorption Costing Snyder Company produced 85,100 units during its first year of operations and sold 81,950 at $21.30 per unit. The company those practical activity at 85,100 units - to compute its predetermined overhead rate. Manufacturing costs are as follows: Direct materials $508,898 Direct labor 69,782 Expected and actual variable overhead 343,804 Expected and actual fixed overhead 408,480 Required: If required, round unit cost answers to the nearest cent. 1. Calculate the unit cost and the cost of finished goods inventory under absorption costing. Unit Cost Cost of finished goods inventory 2. Calculate the unit cost and the cost of finished goods inventory under variable costing. Unit Cost Cost of finished goods inventory 3. What is the dollar amount that would be used to report the cost of finished goods inventory to external parties