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2 years ago

XYZ produces a single product and has provided the following data for its most recent month of operations:

Business

1 answer:

Blababa [14]2 years ago

8 0

Answer: $197

Explanation:

With absorption costing, the fixed manufacturing costs are absorbed by the products which means that the product cost will include fixed costs related to manufacturing.

The absorption costing unit product cost is therefore:

= Direct materials + Direct Labor + Variable manufacturing overhead + Fixed manufacturing Overhead per unit

Fixed manufacturing overhead per unit is:

= 224,000 / 6,400 units

= $35 per unit

Absorption cost unit product cost = 72 + 80 + 10 + 35

= $197

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2 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

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Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

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3 years ago

"Budget deficits should be avoided, even if the economy is below potential, because they reduce saving and lead to lower growth.

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Answer:

the long-run framework directs one to avoid deficits; in the short-run framework deficits are useful if the economy is significantly below potential.

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