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QUESTION 10 Lilac, LLC had the following amounts: . Direct materials $12 per unit . Direct Labor $14 per unit Variable overhead $3 per unit

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QUESTION 10 Lilac, LLC had the following amounts: . Direct materials $12 per unit . Direct Labor $14 per unit Variable overhead $3 per unit . Fixed overhead $67,500 . Variable selling expenses $4 per unit . Fixed selling and administrative expenses $112,000 . 67,500 units produced -59,500 units sold . Sales price per unit is $44 each Calculate the Absorption product cost per unit and prepare a Multi-Step Income Statement under Absorption Costing in order to fill in the rest of the information. Absorption product cost per unit Total Sales in dollars $ Gross Profit Net Income

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