Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jean Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table is sold for $300 after negotiations. In the month
Jean Peck's Furniture manufactures tables for hospitality sector. It takes only bulk orders and each table is sold for $300 after negotiations. In the month of January, it manufactures 3,100 tables and sells 2,400 tables Actual fixed costs are the same as the amount of fixed costs budgeted for the month Budgeted production is equal to actual production, and there is no production-volume variance The following information is provided for the month of January Variable manufacturing costs $120 per unit Fixed manufacturing costs $95,000 per month Fixed Administrative expenses $25,000 per month At the end of the month Jean Peck's Furniture has an ending inventory of finished goods of 700 units The company also incurs a sales commission of $13 per unit. What is the cost of goods sold per unit when using absorption costing? O A $163 65 OB. $150 65 OC. $89.35 OD. $120 00
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started