182. Leigh Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory......... Units produced. Units sold.. Units in ending inventory. Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead.. Variable selling and administrative...... Fixed costs: Fixed manufacturing overhead.. Fixed selling and administrative... $100 300 1,200 1,400 100 $17 $59 $4 $8 $9,600 $1,400 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing?
182. Leigh Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory......... Units produced. Units sold.. Units in ending inventory. Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead.. Variable selling and administrative...... Fixed costs: Fixed manufacturing overhead.. Fixed selling and administrative... $100 300 1,200 1,400 100 $17 $59 $4 $8 $9,600 $1,400 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. What is the unit product cost for the month under absorption costing?
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter2: Basic Cost Management Concepts
Section: Chapter Questions
Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...
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