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liraira [26]
3 years ago
5

Lily's Pastries produces cupcakes, which sell for $5.10 each. During the current month, Lily produced 3200 cupcakes, but only so

ld 2700 cupcakes. The variable cost per cupcake was $3.40 and the sales commission per cupcake was $0.50. Total fixed manufacturing costs were $1700 and total fixed marketing and administrative costs were $900. What is the product cost per cupcake under absorption costing?
Business
2 answers:
shtirl [24]3 years ago
7 0

Answer:

Unitary cost= $3.92

Explanation:

Giving the following information:

Lily produced 3200 cupcakes.

The variable cost per cupcake was $3.40.

Total fixed manufacturing costs were $1700

<u>Under the absorption costing method, the unitary product cost is calculated using the variable cost and the fixed manufacturing costs.</u>

Unitary cost= unitary variable cost + unitary fixed overhead

Unitary cost= 3.4 + 1,700/3,200= $3.92

Dovator [93]3 years ago
6 0

Answer: $3.93

Explanation:

Given the following

Variable cost per unit = $3.40

Fixed manufacturing cost = $1700

Total Units produced=3200

Uaing absorption costing which incorporates the cost of fixed manufacturing cost of goods in the unit price of goods.

Absorption costing per unit = Variable cost per unit + fixed cost per unit

Variable cost per unit = $3.40

Fixed cost per unit = (Total manufacturing cost ÷ Total unit produced)

Fixed cost per unit = $1700 ÷ 3200 = $0.53

Absorption costing per unit = $3.40 + $0.53 = $3.93

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Answer:

<u>multifactor authentication</u>

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Assume that while the budget balance in Conania changes from positive to negative, capital inflow in Conania also decreases. How
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4 0
3 years ago
The following partially completed process cost summary describes the July production activities of Ashad Company. Its production
Gelneren [198K]

Answer:

Explanation:

We solve this prblem in three steps    

   

Step#1    

In this step we will prepare the summary of units produces and trasffered and units in closing stock    

   

   

Opening units  8000  

Started                133000  

                            141000  

Transffered           122000  

Closing                       19000  

Step#2

We will prepare production and cost table, total cost will be divided by the total units produced to identify the cost per unit  incurred on material, labor and overheads.

Cost      opening   Current    Total      Complete  Closing  Equiv.      Cost

Head       Cost        Cost        Cost          units          WIP      Units     Per unit

Material  38,600  751,000   789,600   122,000    19,000  141,000  5.6000  

Labor     1,480      138,820    140,300   122,000    13,300 135,300  1.0370  

O.H       2,960      267,640   270,600  122,000    13,300  135,300  2.0000  

Step-3      

In this process we will calculate the cost incurred during the period.      

   

   

Complete  122,000   8.64   1,053,708  

   

Closing Wip    

   

Material    19,000   5.60            106,400  

Labor              13,300   1.04            13,792  

Overheads  13,300   2.00            26,600  

                                            146,792  

   

Total Cost                             1,200,500  

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Answer:

Explanation:

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B The employees that Connie was paying to their account that she controls are called Ghost employees. These are fictitious person  put on a payroll for fraud purposes.

C The fact that it took the company 5 years to discover the fraudulent practice indicates a weak internal control environment

D

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