Another Company wants to use Absorption Costing. They produced 70,000 units this period and had the...
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Another Company wants to use Absorption Costing. They produced 70,000 units this period and had the following costs: . Direct materials $15 per unit • Direct Labor $12 per unit Variable overhead $7 per unit . . Fixed overhead $210,000 . Variable selling expenses $8 per unit . Fixed selling and admin. expenses $250,000 The company sold 65,000 units at $50 each. Calculate the ABSORPTION product cost per unit and prepare the Income Statement under Absorption Costing (show calculations and income statement in proper form for full credit). Another Company wants to use Absorption Costing. They produced 70,000 units this period and had the following costs: . Direct materials $15 per unit • Direct Labor $12 per unit Variable overhead $7 per unit . . Fixed overhead $210,000 . Variable selling expenses $8 per unit . Fixed selling and admin. expenses $250,000 The company sold 65,000 units at $50 each. Calculate the ABSORPTION product cost per unit and prepare the Income Statement under Absorption Costing (show calculations and income statement in proper form for full credit).
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ABSORPTION Product cost per unit 37 Computation of Product Cost p... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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