Hayes Inc. provided the following information for the current year: Beginning inventory Units produced Units sold 100 units 750 units 800 units Selling price 150/unit 2$ 35/unit Direct materials Direct labor 16/unit Variable manufacturing overhead Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs $ $24,000/year 2$ $15,500/year 15/unit 8/unit What is the unit product cost for the year using absorption costing?
Hayes Inc. provided the following information for the current year: Beginning inventory Units produced Units sold 100 units 750 units 800 units Selling price 150/unit 2$ 35/unit Direct materials Direct labor 16/unit Variable manufacturing overhead Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs $ $24,000/year 2$ $15,500/year 15/unit 8/unit What is the unit product cost for the year using absorption costing?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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