Under absorption costing, the cost of goods sold would be: A. 39,000 B. 62,400 C. 70,200D. 71,000 Rebel Co. manufactures a single product and has the following cost structure:Variable cost per unitProductionSelling and administrative3During the year, 8,000 units were produced, and 7,800 units were sold.PSFixed CostsProductionSelling and administrativeP32,00016,000

In absorption costing, all manufacturing costs - both variable and fixed are treated as product…

Rebel Co. manufactures a single product and has the following cost structure: Variable cost per unit Production Fixed Costs Production PS Selling and administrative 3 Selling and administrative During the year, 8,000 units were produced, and 7,800 units were sold. P32,000 16,000

Rebel Co. manufactures a single product and has the following cost structure: Variable cost per unit Production Fixed Costs Production PS Selling and administrative 3 Selling and administrative During the year, 8,000 units were produced, and 7,800 units were sold. P32,000 16,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 7EA: Rex Industries has two products. They manufactured 12,539 units of product A and 8.254 units of...

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Question

Under absorption costing, the cost of goods sold would be:
A. 39,000
B. 62,400
C. 70,200
D. 71,000

Rebel Co. manufactures a single product and has the following cost structure:
Variable cost per unit
Production
Selling and administrative
3
During the year, 8,000 units were produced, and 7,800 units were sold.
PS
Fixed Costs
Production
Selling and administrative
P32,000
16,000

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