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Hayes Inc. provided the following information for the current year: Beginning inventory Units produced Units sold 100 units 750 units 800 units Selling price 150/unit 2$ 35/unit Direct materials Direct labor 16/unit Variable manufacturing overhead Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs $ $24,000/year 2$ $15,500/year 15/unit 8/unit What is the unit product cost for the year using absorption costing?

Hayes Inc. provided the following information for the current year: Beginning inventory Units produced Units sold 100 units 750 units 800 units Selling price 150/unit 2$ 35/unit Direct materials Direct labor 16/unit Variable manufacturing overhead Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs $ $24,000/year 2$ $15,500/year 15/unit 8/unit What is the unit product cost for the year using absorption costing?

Cornerstones of Cost Management (Cornerstones Series)
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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Hayes Inc. provided the following information for the current year: Beginning inventory Units produced 100 units 750 units Units sold 800 units $ $4 2$ $ $24,000/year Selling price Direct materials 150 /unit 35/unit Direct labor 16 /unit Variable manufacturing overhead Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs 15/unit 8/unit $15,500/year What is the unit product cost for the year using absorption costing?
Transcribed Image Text:Hayes Inc. provided the following information for the current year: Beginning inventory Units produced 100 units 750 units Units sold 800 units $ $4 2$ $ $24,000/year Selling price Direct materials 150 /unit 35/unit Direct labor 16 /unit Variable manufacturing overhead Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs 15/unit 8/unit $15,500/year What is the unit product cost for the year using absorption costing?
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