Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced Variable costs per unit: 12,600 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: 115 $4 $ $ 78 17 Fixed manufacturing overhead Fixed selling and administrative expenses $718, 200 $289,800 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing. b. Compute the unit product cost under variable costing. Unit Product Cost a Absorption costing b. Variable costing
Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced Variable costs per unit: 12,600 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs: 115 $4 $ $ 78 17 Fixed manufacturing overhead Fixed selling and administrative expenses $718, 200 $289,800 The company had no beginning or ending inventories. Required: a. Compute the unit product cost under absorption costing. b. Compute the unit product cost under variable costing. Unit Product Cost a Absorption costing b. Variable costing
Chapter5: Process Costing
Section: Chapter Questions
Problem 4PB: During March, the following costs were charged to the manufacturing department: $22,500 for...
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