The Gong Show Inc. produces VHS tapes of old game shows. Cost data for the upcoming...
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The Gong Show Inc. produces VHS tapes of old game shows. Cost data for the upcoming period is provided below: Direct materials (per unit) $10.00 Direct labor (per unit) $1.00 Variable manufacturing overhead $2.50 (per unit) Variable selling and administrative $1.75 expenses (per unit) Fixed overhead (annual) $100,000 Fixed selling and administrative 12,000 expenses (annual) Units produced 20,000 Units sold 15,000 Requirement: What is the product cost per unit under the absorption method? The Gong Show Inc. produces VHS tapes of old game shows. Cost data for the upcoming period is provided below: Direct materials (per unit) $10.00 Direct labor (per unit) $1.00 Variable manufacturing overhead $2.50 (per unit) Variable selling and administrative $1.75 expenses (per unit) Fixed overhead (annual) $100,000 Fixed selling and administrative 12,000 expenses (annual) Units produced 20,000 Units sold 15,000 Requirement: What is the product cost per unit under the absorption method?
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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