s21-6 (similar to) E Question Help * Ace, Inc. has the following cost data for P

Question

s21-6 (similar to) E Question Help * Ace, Inc. has the following cost data for Product X: ERE (Click on the icon to view the data.) Calculate the unit product cost using absorption costing and variable costing when production is 600 units, 1,000 units, and 1,200 units. Select the labels and enter the amounts to compute the unit product cost using absorption costing. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) 600 units 1,000 units 1,200 units Direct labor i Data Table Total unit product cost Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 36 56 8 12,000 per unit per unit per unit per year Print Done Choose from any list or enter any number in the input fields and then click Check Answer.

Explanation / Answer

Unit product cost under absorption costing :

Unit product cost under variable costing :

600 units 1000 units 1200 units Direct material 36 36 36 Direct labour 56 56 56 Variable manufacturing overhead 8 8 8 Fixed manufacturing overhead 12000/600=20 12000/1000=12 12000/1200=10 Total unit product cost 120 112 110

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