Comet Canisters, Inc. has collected the following data for the current year: Beginning Finished Goods Inventory 60 units Units produced 540 units Units sold 600 units Sales price $ 150 per unit Direct materials $ 14 per unit Direct labor $ 17 per unit Variable manufacturing overhead $12 per unit Fixed manufacturing overhead $16,600 per year Variable selling and administrative costs $6 per unit Fixed selling and administrative costs $12,000 per year What is the unit product cost using absorption costing? (Round your answer to the nearest cent.)
Comet Canisters, Inc. has collected the following data for the current year: Beginning Finished Goods Inventory 60 units Units produced 540 units Units sold 600 units Sales price $ 150 per unit Direct materials $ 14 per unit Direct labor $ 17 per unit Variable manufacturing overhead $12 per unit Fixed manufacturing overhead $16,600 per year Variable selling and administrative costs $6 per unit Fixed selling and administrative costs $12,000 per year What is the unit product cost using absorption costing? (Round your answer to the nearest cent.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Comet Canisters, Inc. has collected the following data for the current year:
|
Beginning Finished Goods Inventory
|
60
|
units
|
|
Units produced
|
540
|
units
|
|
Units sold
|
600
|
units
|
|
Sales price
|
$ 150
|
per unit
|
|
Direct materials
|
$ 14
|
per unit
|
|
Direct labor
|
$ 17
|
per unit
|
|
Variable manufacturing
|
$12
|
per unit
|
|
Fixed manufacturing overhead
|
$16,600
|
per year
|
|
Variable selling and administrative costs
|
$6
|
per unit
|
|
Fixed selling and administrative costs
|
$12,000
|
per year
|
What is the unit product cost using absorption costing? (Round your answer to the nearest cent.)
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