Trio Company reports the following information for the current year, which is its first year of...

Transcribed Image Text:

Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing. (Round intermediate calculations and final answers to two decimal places.) $ Direct materials. Direct labor 5.50 per unit 6.50 per unit $ Overhead costs for the year Variable overhead $ 1.50 per unit $ 180,000 per year Fixed overhead Units produced this year Units sold this year 39,300 units 29,500 units 9,800 units Ending finished goods inventory in units. 1. Compute the product cost per unit using variable costing. Cost per unit of finished goods using: Variable costing Cost per unit of finished goods 2. Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Variable costing Number of units in finished goods Total cost of finished goods inventory 3. Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Variable costing Number of units in sold goods Total cost of sold goods es is ↑ Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing. (Round intermediate calculations and final answers to two decimal places.) $ Direct materials. Direct labor 5.50 per unit 6.50 per unit $ Overhead costs for the year Variable overhead $ 1.50 per unit $ 180,000 per year Fixed overhead Units produced this year Units sold this year 39,300 units 29,500 units 9,800 units Ending finished goods inventory in units. 1. Compute the product cost per unit using variable costing. Cost per unit of finished goods using: Variable costing Cost per unit of finished goods 2. Determine the cost of ending finished goods inventory using variable costing. Cost per unit of finished goods using: Variable costing Number of units in finished goods Total cost of finished goods inventory 3. Determine the cost of goods sold using variable costing. Cost per unit of goods sold using: Variable costing Number of units in sold goods Total cost of sold goods es is ↑

Answer rating: 100% (QA)

Requirement 1 2 and 3 1 Cost per unit of finished goods using Direct Material per unit Direct L... View the full answer