Twinkle Co. sells its product for $60 per unit. During 2016, it produced 60,000 units and sold
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Question:
Twinkle Co. sells its product for $60 per unit. During 2016, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Costs per unit are direct materials $15, direct labor $9, and variable overhead $3. Fixed costs are: $720,000 manufacturing overhead, and $90,000 selling and administrative expenses.
Required:
16. Manufacturing cost per unit under absorption costing
17. Manufacturing cost per unit under variable costing method.
18. Cost of goods sold under absorption costing
19. Ending inventory under the variable costing method.
20. Fixed overhead in ending inventory under absorption costing method.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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