Question: Just need some help with this and explaining how to do it please I will rate! Many thanks and God bless!!! Abbott, Inc. has the
Just need some help with this and explaining how to do it please
I will rate!
Many thanks and God bless!!!
Abbott, Inc. has the following cost data for Product X, and unit product cost using absorption costing when production is 600 units, 1,000 units, and 1,200 units. (Click on the icon to view the cost data.) (Click on the icon to view the unit product cost data.) Product X sells for $199 per unit. Assume no beginning inventories. Read the requirements Rr. Begin by selecting the labels and computing the gross profit for scenario a. and then compute the gross profit for scenario b. and c. Absorption costing a. - Gross Profit Reference - X Data Table 600 units 1,000 units 1,200 units 44 $ Direct materials Requirements 44 $ 44 Direct labor 53 53 53 $44 per unit Variable manufacturing overhead 16 16 16 53 per unit Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 20 12 10 Fixed manufacturing overhead Calculate the gross profit using absorption costing when Abbott: a. Produces and sells 600 units. b. Produces 1,000 units and sells 600 units. c. Produces 1,200 units and sells 600 units. 16 per unit $ 133 S 125 $ 123 Total unit product cost 12,000 per year Done Print Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Help Me Solve This DemoDocs Example Get More Help Clear All Check
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