QS 19-1 Computing unit cost under absorption costing LO P1 Vijay Company reports the following information regarding its production costs. 10 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced 10 per unit $160,000 20,000 units Compute its product cost per unit under absorption costing. Product cost per unit QS 19-2 Computing unit cost under variable costing LO P1 Vijay Company reports the following information regarding its production costs. 10 per unit 20 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced 10 per unit $160,000 20,000 units Compute its product cost per unit under variable costing. Product cost per unit QS 19-5 Absorption costing and gross margin LO P2 Ramort Company reports the following cost data for its single product. The company regularly sells 20,000 units of its product at a price of $60 per unit. 10 per unit 12 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Pixed overhead per year Selling and administrative costs for the year Variable Fixed Normal production level (in units) $ 3 per unit $40,000 $ 2 per unit $65, 200 20,000 units Compute gross margin under absorption costing. Production volume 20,000 units Cost of goods sold: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY NULHAT production level (in units) $65,20 20,001 Compute gross margin under absorption costing. Production volume 20,000 units Cost of goods sold: Direct materials per unit Direct labor per unit Variable overhead per unit Fixed overhead per unit Cost of goods sold per unit Number of units sold Total cost of goods sold RAMORT COMPANY Income Statement (partial) Sales volume 20.000 units QS 19-17 Absorption costing and product pricing LO P4 A manufacturer reports the following information on its product. Direct materials cost Direct labor cost Variable overhead cost Fixed overhead cost Target markup 50 per unit 12 per unit $ 6 per unit $ 2 per unit 40 % Compute the target selling price per unit under absorption costing. Target selling price per unit