Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Units in beginning inventory | 0 |
Units produced | 8,700 |
Units sold | 7,900 |
Units in ending inventory | 800 |
Variable costs per unit: | |
Direct materials | $43 |
Direct labor | $35 |
Variable manufacturing overhead | $19 |
Variable selling and administrative | $18 |
Fixed costs: | |
Fixed manufacturing overhead | $234,900 |
Fixed selling and administrative | $82,000 |
What is the absorption costing unit product cost for the month?
$142 per unit
$115 per unit
$124 per unit
$97 per unit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started