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3 years ago

Income statement under absorption costing and variable costing

Business

1 answer:

Len [333]3 years ago

4 0

Answer:

unitary product cost= $102

Explanation:

Giving the following information:

Manufacturing costs Direct materials per unit $60

Direct labor per unit $22

Variable overhead per unit $8

Fixed overhead for the year $528,000

Units produced= 44,000

The absorption costing method includes all costs related to production, both fixed and variable<u>. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

Fi<u>rst, we need to calculate the unitary fixed overhead:</u>

Unitary fixed overhead= 528,000/44,000= $12

<u>Now, the unitary product cost:</u>

unitary product cost= 60 + 22 + 8 + 12

unitary product cost= $102

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