Trio Company...Please refer to the pictures for parts one and two, and below for part three: Cost per unit of goods sold using:Variable costingTotal product cost per unit Number of units sold Cost of sold goods Trio Company reports the following information for its first year of operations.$ 17 per unit$ 18 per unit$6 per unit$ 201,000 per year20,100 units15,000 units5,100 unitsDirect materialsDirect laborVariable overheadFixed overheadUnits producedUnits soldEnding finished goods inventoryAssume instead that Trio Company uses variable costing.1. Compute the product cost per unit using variable costing.2. Determine the cost of ending finished goods inventory using variable costing.3. Determine the cost of goods sold using variable costing.Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Compute the product cost per unit using variable costing.Product cost per unit of finished goods using:Total product cost per unit$Variable costing0per unit Determine the cost of ending finished goods inventory using variable costing.Cost per unit of finished goods using:Variable costingTotal product cost per unitNumber of units in finished goodsCost of ending finished goods inventory

For variable costing, only variable manufacturing costs are included in the product cost. The…

Trio Company reports the following information for its first year of operations. $17 per unit $ 18 per unit $ 6 per unit $ 201,000 per year Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory Assume instead that Trio Company uses variable costing. 20,100 units 15,000 units 5,100 units

Trio Company reports the following information for its first year of operations. $17 per unit $ 18 per unit $ 6 per unit $ 201,000 per year Direct materials Direct labor Variable overhead Fixed overhead Units produced Units sold Ending finished goods inventory Assume instead that Trio Company uses variable costing. 20,100 units 15,000 units 5,100 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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