Homework Answers
Solution:
Total product Cost= $147,000(Using Absorption Costing)
Total Product Cost=$122,000(Using Variable Costing)
Using Absorption costing
Product cost = Dircet materials+ Direct labour+ Variable Manufacturing overhead+ Fixed Manufacturing overhead
=$70,000 + $42,000 + 10,000+ 25,000
Product cost=$147,000
Using Variable Costing
Product Cost = Direct materials+ Direct labour+ Variable Manufacturing overhead
=$70,000 + $42,000 + 10,000
Product Cost=$122,000
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