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Unit sold
Units produced
Total direct materials
Total direct labor
Total variable overhead
Total fixed overhead
Total variable selling and administrative expenses
Total fixed selling and administrative expenses
Sales price per unit
Requirements:
1. How much is the product cost under Absorption costing?
Production Cost:
Total Direct Materials 589,000.00
Total Direct Labor 325,000.00
Total Variable Overhead 375,000.00
Total Fixed Overhead 167,000.00
1,456,000.00
Product Cost:
Production Cost/Units Produced
(1,456,000/10,000) 145.60
290,000.00
123,000.00 413,000.00
539,800.00
Amount Total Amount
2,700,000.00
1,546,800.00
290,000.00
863200
167,000.00
123,000.00 290000
573200