Camile Company has no beginning and ending inventories, and reports the following data about its only product: Direct materials used $100,000 Direct labor $80,000 Fixed indirect manufacturing $50,000 Fixed selling and administrative $220,000 Variable indirect manufacturing $20,000 Variable selling and administrative $75,000 Selling price(per unit) $84 Units produced and sold 10,000 Camile Company uses the absorption approach to prepare the income statement. What is the product cost per unit? A) $20 B) $25 C) $27.50 D) $32.50
Camile Company has no beginning and ending inventories, and reports the following data about its only product: Direct materials used $100,000 Direct labor $80,000 Fixed indirect manufacturing $50,000 Fixed selling and administrative $220,000 Variable indirect manufacturing $20,000 Variable selling and administrative $75,000 Selling price(per unit) $84 Units produced and sold 10,000 Camile Company uses the absorption approach to prepare the income statement. What is the product cost per unit? A) $20 B) $25 C) $27.50 D) $32.50
Chapter5: Process Costing
Section: Chapter Questions
Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...
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Camile Company has no beginning and ending inventories, and reports the following data about its only product:
Direct materials used $100,000
Direct labor $80,000
Fixed indirect manufacturing $50,000
Fixed selling and administrative $220,000
Variable indirect manufacturing $20,000
Variable selling and administrative $75,000
Selling price(per unit) $84
Units produced and sold 10,000
Camile Company uses the absorption approach to prepare the income statement. What is the product cost per unit?
- A) $20
- B) $25
- C) $27.50
- D) $32.50
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