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FCO, Inc. manufactures a single product that it sells for $208 per unit. The company had the following cost structure thsi year: Variable Manufacturing Cost
FCO, Inc. manufactures a single product that it sells for $208 per unit. The company had the following cost structure thsi year:
- Variable Manufacturing Cost per unit: $50
- Variable Selling and Administrative cost per unit: $21
- Fixed Manufacturing Cost, Total: $1,599,000
- Fixed Selling and Administrative Costs, Total: $934,000
There were no units in beginning inventory. During the year, 44,000 units were produced and 38,000 units were sold.
Under absorption costing, the unit product cost is:
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