Sprinkle 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.

103. The per unit manufacturing cost under absorption costing is

104. The per unit manufacturing cost under variable costing is

105. Cost of goods sold under absorption costing is

106. Ending inventory under variable costing is

107. Under absorption costing, what amount of fixed overhead is deferred to a future period?

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Selling Price per Unit 60 Units Manufactured 60000 Units Sold 50000 Variable ... View the full answer