Solution
1. Compute the product cost per unit using absorption costing | |
Cost per unit of finished goods using | absorption costing |
Direct material per unit | $ 14.00 |
Direct labor per unit | $ 20.00 |
Variable overhead per unit | $ 3.00 |
Fixed overhead per unit | $ 6.00 |
Cost per unit of finished goods | $ 43.00 |
2 Determine the cost of ending finished goods inventory using absorption costing | |
Cost per unit of finished goods using absorption costing | $ 43.00 |
Number of units in ending finished goods | 6000 |
Total cost of finished goods inventory | $ 258,000.00 |
3. Determine Cost of goods sold | |
Cost per unit of goods sold using absorption costing | $ 43.00 |
Number of units in sold goods | 14000 |
Cost of goods sold | $ 602,000.00 |
Trio Company reports the following information for the current year, which is its first year of...
Trio Company reports the following information for the current year, which is its first year of operations 15 per u Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inve 80,000 per ye 160,000 per ye 20,000 units 14,000 units 6,000 Compute the product cost per unit using absorption costing. Cost per unit of finished goods using: Absorption costing Fixed overhead per unit $ 160,000...
Trio Company reports the following information for the current year, which is its first year of operations. Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $ 14 per unit $ 16 per unit $ 3 per unit $ 150,000 per year 25,000 units 19,000 units 6,000 units 1. Compute the product cost per unit using absorption costing. Cost per unit of...
16 Trio Company reports the following information for the current year, which is its first year of operations. $ $ 11 per unit 18 per unit 00:35:35 Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $ 3 per unit $ 135,000 per year 22,500 units 16,500 units 6,000 units 1. Compute the product cost per unit using absorption costing. Cost per...
Trio Company reports the following information for the current year, which is its first year of operations. Direct materials $ 13 per unit Direct labor $ 19 per unit Overhead costs for the year Variable overhead $ 45,000 per year Fixed overhead $ 90,000 per year Units produced this year 22,500 units Units sold this year 16,500 units Ending finished goods inventory in units 6,000 units Compute the product cost per unit using absorption costing. Cost per unit of finished...
19.1 Trio Company reports the following information for the current year, which is its first year of operations. Direct materials Direct labor Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $15 per unit $16 per unit $ 4 per unit $160,000 per year 20,000 units 14,000 units 6,000 units 1. Compute the product cost per unit using absorption costing. Check (1) Absorption cost per unit, $43 2. Determine the cost...
Trio Company reports the following information for the current year, which is its first year of operations. A 15 per unit 18 per unit A A Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units 3 per unit $ 135,000 per year 22,500 units 16,500 units 6, ᎾᎾᎾ units 1. Compute the product cost per unit using absorption costing. Cost per unit...
Trio Company reports the following information for the current year, which is its first year of operations. 15 per unit 16 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $ 80,000 per year $160,000 per year 20,000 units 14,000 units 6,000 units Compute the product cost per unit using variable costing. Cost per unit of finished goods using: Variable...
Trio Company reports the following information for the current year, which is its first year of operations. 14 per unit 18 per unit points Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $ 67,500 per year $ 135,000 per year 22,500 units 16,500 units 6,000 units eBook Hent Prins References Compute the product cost per unit using absorption costing. Cost per...
Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing. (Round intermediate calculations and final answers to two decimal places.) $ $ 9.00 per unit 10.00 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $ 5.00 per unit $ 250,000 per year 34,400 units...
Trio Company reports the following information for the current year, which is its first year of operations. Assume instead that Trio Company uses variable costing. (Round intermediate calculations and final answers to two decimal places.) $ $ 11.50 per unit 12.50 per unit Direct materials Direct labor Overhead costs for the year Variable overhead Fixed overhead Units produced this year Units sold this year Ending finished goods inventory in units $ 7.50 per unit $ 300,000 per year 30,900 units...