Selling price (per unit) R116 Units in opening inventory 600 Jnits manufactured 2 550 Units sold 3 050 Units in closing inventory 100 /ariable costs per unit: Direct materials R12,00 Direct labour R50,00 Variable manufacturing overhead R6,50 Variable selling and administrative R10,00 Fixed costs: Fixed manufacturing overhead R81 000 Fixed selling and administrative R19 000 company produces the same number of units every month, although the sales in units vary from month to month. The pany's variable costs per unit and total fixed costs have been constant from month to month.
Selling price (per unit) R116 Units in opening inventory 600 Jnits manufactured 2 550 Units sold 3 050 Units in closing inventory 100 /ariable costs per unit: Direct materials R12,00 Direct labour R50,00 Variable manufacturing overhead R6,50 Variable selling and administrative R10,00 Fixed costs: Fixed manufacturing overhead R81 000 Fixed selling and administrative R19 000 company produces the same number of units every month, although the sales in units vary from month to month. The pany's variable costs per unit and total fixed costs have been constant from month to month.
Chapter5: Process Costing
Section: Chapter Questions
Problem 10MC: Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the...
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Hendry Limited produces a mini-kitchen called Town Cook, which is enjoying extensive popularity amongst young children.
The following data is available for the month:
Calculate the unit product cost for the month under absorption costing. And Prepare an income statement for the month using the absorption costing method.
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