please include excel formulas 7 Absorption costing18 Direct labor19Direct materials20 Varlable overhead21 Fixed overhead22ន ន ន ន ..23(Use cells A2 to H15 from the given Information to complete this question.)M341. Compute total product cost per unit under absorption costing if instead 12,500 units are produced. Total5 fixed overhead remains at $50,000.626BProduct cost per unit27CPer unit$4.002.004.004.00$14.00DEF24 2. If units produced is greater than units sold, will cost of goods sold under absorption costing increase or25 decrease?GHUnits produced12,500 Under absorption costing, a company had the following per unit costs when 10,000 units were produced.4 Direct materials5Direct labor6 Variable overhead7823Fixed overhead ($50,000/10,000 units)Total product cost per unit910Required:1112 (Use cells A2 to H15 from the given Information to complete this question.)13$3.002.004.005.00$14.0014 1. Compute total product cost per unit under absorption costing if instead 12,500 units are produced. Total15 fixed overhead remains at $50,000.1617 Absorption costing18 Direct laborGraded Worksheet +Calculation Mode: Automatic Workbook StatisticsPer unit$4.00Units produced10,000Fixed Overhead$50,000Units produced12,500

Given in the question: Units Produced 10000 Fixed Overhead $50,000 Per Unit basis…

1. Compute total product cost per unit under absorption costing if instead 12,500 units are produced. Total fixed overhead remains at $50,000. Absorption costing Direct labor Direct materials Varlable overhead Fixed overhead 2 Product cost per unit 3 Per unit $4.00 2.00 4.00 4.00 $14.00 42. If units produced is greater than units sold, will cost of goods sold under absorption costing increase or 5 decrease? 26 Units produced 12,500

1. Compute total product cost per unit under absorption costing if instead 12,500 units are produced. Total fixed overhead remains at $50,000. Absorption costing Direct labor Direct materials Varlable overhead Fixed overhead 2 Product cost per unit 3 Per unit $4.00 2.00 4.00 4.00 $14.00 42. If units produced is greater than units sold, will cost of goods sold under absorption costing increase or 5 decrease? 26 Units produced 12,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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