Kubick Company produced 10,000 units and sold 9,000 units Sales price $9 per unit Costs were...
Kubick Company produced 10,000 units and sold 9,000 units Sales price $9 per unit Costs were as follows: Direct materials $1.00 per unit Direct labor $1.50 per unit Variable manufacturing overhead $.50 per unit Fixed manufacturing overhead total $20,000 Variable selling expense $.80 per unit Fixed administrative expense total $17,000 There was no beginning inventory. Determine cost of goods sold using the absorption-costing approach. Group of answer choices
Homework Answers
Cost of goods sold:
= [($1 + $1.50 + $0.50) X 9,000] + [$20,000 X 9,000/10,000]
= $45,000
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Kubick Company produced 10,000 units and sold 9,000 units Sales
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