The following data were taken from the records of a company. Period 1 Period 2 Period 3 Production(units) 30,000 38000 27000 Sales 30,000 27000 38000 Opening stock 11,000 Closing stock ------ 11,000 ------- Per unit cost are as follows: Direct material $ 1.5 Direct labor 1.0 Production overhead 3.0 Selling price per unit $ 9 Administrative overheads are fixed at $25000 and one third of the production overheads are fixed. Required Compute per unit product cost under full costing Prepare separate income statements on full costing
The following data were taken from the records of a company.
Period 1 Period 2 Period 3
Production(units) 30,000 38000 27000
Sales 30,000 27000 38000
Opening stock 11,000
Closing stock ------ 11,000 -------
Per unit cost are as follows:
Direct material $ 1.5
Direct labor 1.0
Production overhead 3.0
Selling price per unit $ 9
Administrative overheads are fixed at $25000 and one third of the production overheads are fixed.
Required
| Compute per unit product cost under full costing |
Prepare separate income statements on full costing
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