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Home Base, Incorporated reports the following production cost information: Units produced Units sold 97,000 92,000 Ending finished goods inventory 5,000 Direct labor $17 Direct materials
Home Base, Incorporated reports the following production cost information: Units produced Units sold 97,000 92,000 Ending finished goods inventory 5,000 Direct labor $17 Direct materials $34 Variable overhead $26 Fixed overhead units units units per unit per unit per unit $1,940,000 in total a. Compute product cost per unit under variable costing. b. Compute product cost per unit under absorption costing. c. Determine the cost of ending inventory using variable costing. d. Determine the cost of ending inventory using absorption costing.
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