16 points Save Ans Sunny Inc. had the following amounts for the year . Direct ma

Question

16 points Save Ans Sunny Inc. had the following amounts for the year . Direct materials $10 per unit . Direct Labor $12 per unit . Variable overhead $6 per unit . Fixed overhead $90,000 . Variable selling expenses $3 per unit Fixed selling and admin, expenses $130,000 75,000 units produced 65,000 units sold at $45 each Calculate the ABSORPTION product cost per unit and prepare the Income Statement paper). under Absorption Costing (show all work here or on your scrap Arial3(12pt)T E Words0 Path: p

Explanation / Answer

Direct materials 10 Direct labor 12 Variable overhead 6 Fixed overhead 1.2 =90000/75000 Absorption product cost per unit 29.2 Absorption costing income statement Sales revenue 2925000 =65000*45 Cost of goods sold 1898000 =65000*29.2 Gross margin 1027000 Selling and administrative expenses 325000 =(65000*3)+130000 Net operating income 702000

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.