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4. Beverage Company reports the following for its first year of operations. The company produced 88,000 units and sold 72,000 units at a price of
4. Beverage Company reports the following for its first year of operations. The company produced 88,000 units and sold 72,000 units at a price of $280 per unit. Direct materials Direct labor Variable overhead $ 120 per unit $ 44 per unit $ 16 per unit $1,056,000 per year Variable selling and administrative expenses $ 22 per unit $210,000 per year Fixed overhead Fixed selling and administrative expenses Assuming the company uses variable costing, determine its total product cost per unit 5. A company reports the following for its single product. The company produced and sold 20,000 units this year. Compute gross profit under absorption costing. Direct materials $20 per unit Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Sales price $ 24 per unit $6 per unit $80,000 per year $4 per unit $ 130,400 per year $ 120 per unit
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