FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

7

Sunland Company sells its product for $30 per unit. During 2022, it produced 30000 units and sold 15000 units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labour $5, and variable overhead $4. Fixed costs are: $420000 manufacturing overhead, and $120000 selling and administrative expenses. Cost of goods sold under absorption costing is $225000. $495000. $435000. $870000.
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Transcribed Image Text:Sunland Company sells its product for $30 per unit. During 2022, it produced 30000 units and sold 15000 units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labour $5, and variable overhead $4. Fixed costs are: $420000 manufacturing overhead, and $120000 selling and administrative expenses. Cost of goods sold under absorption costing is $225000. $495000. $435000. $870000.
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