A manufacturing company producing a single product provided the following data for its most recent operating month:
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Question:
A manufacturing company producing a single product provided the following data for its most recent operating month: |
Sale price | 138 dollars |
Units in initial inventory | 0 |
Produced units | 2.950 |
units sold | 2.550 |
Units in the closing inventory | 400 |
Variable cost per unit: | |
Direct materials | 42 dollars |
direct labor | 15 dollars |
Variable production load | 14 dollars |
Variable sales and management | 17 dollars |
Fixed costs: | |
Fixed production load | 103.250 $ |
Fixed selling and administrative expenses | $20,400 |
Calculate the total gross profit for the month under the absorption cost method.
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
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