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3 Part 1 of 4 eBook 101 Hint Print References ! Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 1a. Assume the company uses absorption costing. Determine its total product cost per unit. Per unit product cost using: Total product cost per unit Absorption costing $ 60 per unit $ 22 per unit $8 per unit $ 528,000 per year $ 11 per unit $ 105,000 per year

3 Part 1 of 4 eBook 101 Hint Print References ! Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 1a. Assume the company uses absorption costing. Determine its total product cost per unit. Per unit product cost using: Total product cost per unit Absorption costing $ 60 per unit $ 22 per unit $8 per unit $ 528,000 per year $ 11 per unit $ 105,000 per year

FINANCIAL ACCOUNTING
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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3 Part 1 of 4 eBook 101 Hint Print References ! Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 1a. Assume the company uses absorption costing. Determine its total product cost per unit. Per unit product cost using: Total product cost per unit Absorption costing $ 60 per unit $ 22 per unit $8 per unit $ 528,000 per year $ 11 per unit $ 105,000 per year
Transcribed Image Text:3 Part 1 of 4 eBook 101 Hint Print References ! Required information [The following information applies to the questions displayed below.] Cool Sky reports the following for its first year of operations. The company produced 44,000 units and sold 36,000 units at a price of $140 per unit. Direct materials Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses 1a. Assume the company uses absorption costing. Determine its total product cost per unit. Per unit product cost using: Total product cost per unit Absorption costing $ 60 per unit $ 22 per unit $8 per unit $ 528,000 per year $ 11 per unit $ 105,000 per year
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