Question: please show formulas used and explain please 1. Using the following table, calculate the unit product cost under variable costing: Number of units produced in

please show formulas used and explain please

please show formulas used and explain please 1. Using the following table,calculate the unit product cost under variable costing: Number of units produced

1. Using the following table, calculate the unit product cost under variable costing: Number of units produced in 2015 2,500 Number of units sold in 2015 2,000 Selling price per unit $1,000 Expenses Direct Materials per unit $500 Direct Labor per unit $100 Variable Manufacturing Overhead per unit $50 Fixed Manufacturing Overhead per year $100,000 Variable Selling and Administrative Expenses per $10 unit Fixed Selling and Administrative Expenses per year $50,000 2. Using the following table, calculate the unit product cost under absorption costing: Number of units produced in 2015 2,500 Number of units sold in 2015 2.000 Selling price per unit $1,000 Expenses Direct Materials per unit $500 Direct Labor per unit $100 Variable Manufacturing Overhead per unit $50 Fixed Manufacturing Overhead per year $100,000 Variable Selling and Administrative Expenses per unit Fixed Selling and Administrative Expenses per year $50,000 $10

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