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Charra [1.4K]
2 years ago
15

2. NEIU Company has no beginning and ending inventories, and reports the following information for its only product: Direct mate

rials used $125,000 Direct labor $100,000 Fixed indirect manufacturing $75,000 Variable indirect manufacturing $25,000 Variable selling and administrative $50,000 Fixed selling and administrative $25,000 Units produced and sold 25,000 NEIU Company uses the absorption approach to prepare the income statement. What is the product cost per unit
Business
1 answer:
Mrac [35]2 years ago
4 0

Answer:

Product cost per unit = $13

Explanation:

<em>Absorption costing values units of inventory and production using full cost per unit. Full cost per unit includes variable cost and a portion of fixed production overheads. The fixed production overhead are charged to cost units using predetermined overhead absorption rate.</em>

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

Total full absorption cost = 125,000 + 100,000 + 75,000 + 25,000=325,000

Full cost per unit = Total full absorption cost/Number of units

                            = 325,000/25,000 =$13

<em>Note that we excluded non- production cost like selling and administrative from the computation because they are not related to production</em>

Product cost per unit = $13

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<u>D. A premium rooftop restaurant in the same city</u> will be a part of Golden Harvest's strategic group.

<u>Explanation</u>:

A 5 Star Hotel is a hotel that provides a luxury service to its customers through its operation. It is operated to serve their guest at high level. The materials, tables and each and everything used in the five-star hotel are set with high quality. They provide utmost care to their guest.

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3 years ago
Belvedere Corporation had a balance in its Equipment account on January 1, Year 1 of $341,200. During the year, equipment origin
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Answer:

$56,600.00

Explanation:

The amount the company spent on purchase of additional equipment during year 1 can be ascertained using the formula below:

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3 years ago
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The answer to this question is e
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