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Productions Costs: Direct material $ 0.60 Direct labor $ 1.00 Variable manufacturing overhead $ 0.40 Total variable manufacturing costs per unit $ 2.00 Fixed manufacturing
Productions Costs: | |
Direct material | $ 0.60 |
Direct labor | $ 1.00 |
Variable manufacturing overhead | $ 0.40 |
Total variable manufacturing costs per unit | $ 2.00 |
Fixed manufacturing overhead per year | $ 139,000.00 |
In addition, the company has fixed selling and administrative costs: | |
Fixed selling costs per year | $ 50,000.00 |
Fixed administrative costs per year | $ 65,000.00 |
Selling price per cookie | $ 3.75 |
Number of cookies produced | 2,780,000 |
Number of cookies sold | 2,600,000 |
Full (absorption) costing : | |
Full cost per unit | ? |
Ending Inventory Full (absorption) costing | ? |
Variable costing : | |
Variable cost per unit | ? |
Ending Inventory Variable costing | ? |
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