Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 16 Aug 2017 My Price 5.00

Cool Sky Company

Cool Sky Company reports the following costing data on its product for its first year of operations. During this first year, the company produced 40,000 units and sold 32,000 units at a price of $120 per unit.

    

     
  Production costs    
       Direct materials per unit $ 48
       Direct labor per unit $ 18
       Variable overhead per unit $ 6
       Fixed overhead for the year $ 400,000
  Selling and administrative cost    
       Variable selling and administrative cost per unit $ 9
       Fixed selling and administrative cost per year $ 120,000

Assume that this company uses absorption costing. Determine its unit product cost.

Per unit product cost using: Absorption costing
   
   
   
   
   
Cost per unit  

 

Answers

Maurice Tutor
(5)
Status NEW Posted 16 Aug 2017 06:08 PM My Price 5.00

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