Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Units in beginning inventory 0 units produced 12000 units sold 10500 sales price per unit $22 Variable Costs per unit: direct materials $7 direct labor
| Units in beginning inventory | 0 |
| units produced | 12000 |
| units sold | 10500 |
| sales price per unit | $22 |
| Variable Costs per unit: | |
| direct materials | $7 |
| direct labor | $4 |
| manufacturing overhead | $2 |
| selling and administrative | $1 |
| Fixed costs in total | |
| manufacturing overhead | $36000 |
| selling and administrative | $50000 |
Calculate the cost per units, using absorption costing and variable costing.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
