Question

Blue Co. produces a single product with the following information available Number of units produced annually...

Blue Co. produces a single product with the following information available

Number of units produced annually 50,000

Variable cost per unit:

Direct materials, direct labor and

variable mfg.overhead $ 20

selling and admin expenses $ 5

Fixed costs per year:

Mfg.Overhead $ 175,000

selling and Admin exp $ 200,000

Unit Product Cost? Absorption Variable

Direct materials, direct labor, and costing costing

Variable mfg overhead $20 $20

Fixed mfg. Overhead ?? ?

Unit Product Cost ?

Business   Accounting   
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Answer #1
Absorption costing Variable costing
Direct materials, Direct labor & Variable mfg. overhead $                     20.00 $                20.00
Fixed mfg. overhead ($175000/50000) $                        3.50
Unit product cost $                     23.50 $                20.00
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