Answer
1 Unit product cost under absorption costing
Unit product cost under absorption costing include direct material $230, direct labour $450, variable manufacturing overhead $65 and fixed manufacturing overhead.
Fixed manufacturing overhead per unit
= 640,000 / 22,000 = $29.09
Unit product cost
= 230 + 450 + 65 + 29.09 = $774.09
Unit product cost under absorption costing is $774.09
2 Unit product cost under variable costing includes direct material $230 , direct labour $450 and variable manufacturing overhead $65.
Unit product cost
= 230 + 450 + 65 = $745
Unit product cost under variable costing is $745.
Fixed manufacturing overhead cost is not product cost under variable costing.
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Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $773. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 14,000 Units sold 12,000 Units in ending inventory 2,000 Variable costs per unit: Direct materials $...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $904. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 23,000 Units sold 20,000 Units in ending inventory 3,000 Variable costs per unit: Direct materials $...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $877. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 11,000 Units sold 7,000 Units in ending inventory 4,000 Variable costs per unit: Direct materials $...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $945. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 18,000 Units sold 14,000 Units in ending inventory 4,000 Variable costs per unit: Direct materials $...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $822. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 14,000 Units sold 11,000 Units in ending inventory 3,000 Variable costs per unit: Direct materials $...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $904. Selected data for the company’s operations last year follow: Units in beginning inventory 0 Units produced 23,000 Units sold 20,000 Units in ending inventory 3,000 Variable costs per unit: Direct materials $...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $874. Selected data for the company's operations last year follow: 0 Units in beginning inventory Units produced 11,000 Units sold 8,000 3,000 Units in ending inventory Variable costs per unit: 250 $ $...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $916. Selected data for the company's operations last year follow. 21,00 18,000 3,000 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labour...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company's operations last year follow: Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative...
Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical Instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $806. Selected data for the company's operations last year follow: Units in beginning inventory Units produced 15,000 Units sold 12,000 Units in ending inventory 3,000 Variable costs per unit: Direct materials $ 220 Direct labor $360 Variable...