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The following information is related to Cooper Co.'s operations for the year 2024. Units sold Units produced Direct labor cost 1,800 units Direct materials
The following information is related to Cooper Co.'s operations for the year 2024. Units sold Units produced Direct labor cost 1,800 units Direct materials cost Fixed manufacturing overhead costs Variable manufacturing overhead costs Selling and administrative expenses (variable) Selling and administrative expenses (fixed) Contribution margin 2,000 units $4,000 $6,000 $3,000 $600 $1,000 $900 $14,660 Required: a) Compute the product cost per unit under absorption costing. b) Compute the product cost per unit under variable costing. c) Calculate the total Cost of Goods Sold under the absorption costing method. d) Calculate the total variable costs that will be reported on the income sta method. e) Calculate the selling price per unit.
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