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finlep [7]
2 years ago
12

Seahorse Incorporated, which only has one product, has provided the following data concerning its most recent month of operation

s. Description Amount Selling Price $120 Units in beginning inventory 0 Units produced 1,900 Units sold 1,300 Units in ending inventory 600 Variable Costs Per unit Direct materials $42 Direct labor $31 Variable manufacturing overhead $11 Variable selling and administrative expense $9 Fixed Costs Per month Fixed manufacturing overhead $43,700 Fixed selling and administrative expense $35,000 Question Select Your Answer Question 1: What is the unit product cost for the month under absorption costing
Business
1 answer:
ra1l [238]2 years ago
7 0

Answer:

Unit product cost = $107

Explanation:

<em>Absorption costing is a method of costing where production units and inventories are value at the full cost per unit. Here, fixed overheads are charged to all units produced using an overhead absorption rate</em>

The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads

Fixed production overhead cost per unit

=Fixed manufacturing overhead/units produced

=  $43,700/ 1,900 Units

=$23 per unit

Full cost per unit

= $42  + $31 + $11 + 23

= $107

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With regard to the above scenario, I would suggest Animeat access a flexible line of credit like invoice finance,overdraft facilities or short term business loan etc, inorder to meet up with it's food supply when the time comes. This would give the business quick access to funds/cash hence cushion the effect of cash flow problem during the predicted time.

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