QUESTION 6 Tustin Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 68 10 $ $ 6 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $ 4 220,000 $ 6 $ $ Year 1 0 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory 61,000 Year 2 1,000 10,000 7,000 4,000 11,000 10,000 1,000 The unit product cost under variable costing in Year 1 is closest to: $26.00 $40.00 $46.00 $20.00 4,000 QUESTION 4 Caruso Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ $ 39 71 5 8 $ 220,000 308,000 $ There were no beginning or ending inventories. The unit product cost under variable costing was: $115 per unit $170 per unit $123 per unit $118 per unit QUESTION 2 1. Baughn Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 115 Units in beginning inventory Units produced Units sold Units in ending inventory 0 6,600 6,400 200 26 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ $ 46 7 9 $ 105,600 51,200 $ What is the unit product cost for the month under absorption costing? $104 per unit $79 per unit $88 per unit $95 per unit