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amid [387]
3 years ago
8

Sprinkle Co. sells its product for $60 per unit. During 2016, it produced 60,000 units and sold 50,000 units (there was no begin

ning inventory). Costs per unit are: direct materials $15, direct labor $9, and variable overhead $3. Fixed costs are: $720,000 manufacturing overhead, and $90,000 selling and administrative expenses.
103. The per unit manufacturing cost under absorption costing is

C) $39104. The per unit manufacturing cost under variable costing is
b. $27.
105. Cost of goods sold under absorption costing is
c. $1,950,000.
106. Ending inventory under variable costing is
a. $270,000.
107. Under absorption costing, what amount of fixed overhead is deferred to a future period?
b. $120,000
Business
1 answer:
Gelneren [198K]3 years ago
4 0

Answer:

The answers are shown below:

Explanation:

The computations are shown below:

103. The per unit manufacturing cost under absorption costing is

= Variable Cost per Unit + Fixed Cost Per Unit  

where,

Variable cost per unit is

= $15 + $9 + $3

= $27

And, the fixed cost per unit is

= $720,000 ÷ 60,000 units

= $12

So, the per unit is

= $27+ $12

= $39

104 The per unit manufacturing cost under variable costing is

Total Variable Cost per Unit = $ 27  

105 Cost of goods sold under absorption costing is

= Units Sold × cost per unit

= 50,000 units × $39

= $1,950,000

106 Ending inventory under variable costing is  

= Variable Cost per unit × Unsold Units  

= $27 × (60,000 units - 50,000 units)  

= $270,000  

107 The fixed overhead cost is

= Unsold Units × Fixed Cost Per Unit

= 10,000 units × $12

= $120,000

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