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Hayes Inc. provided the following information for the year 2015: Beginning inventory 100 units Units produced 750 units Units sold 800 units Selling price $150/unit
Hayes Inc. provided the following information for the year 2015: Beginning inventory 100 units Units produced 750 units Units sold 800 units Selling price $150/unit Direct materials $35/unit Direct labor $16/unit Variable manufacturing overhead $15/unit Fixed manufacturing overhead $24,000/yr Variable selling/administrative costs $8/unit Fixed selling/administrative costs $15,500/yr What is the unit product cost for the year using absorption costing? $98 $66 $74 $96 2020 McGraw-Hill Education. All rights reserved.
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