ABD's Breads produces loaves of bread, which sell for $6.00 each. During the current month, ABD produced 3,500 loaves of bread, but only sold 3,200 loaves. The variable cost per loaf was $2.50. Total fixed manufacturing costs were $2,100 and total fixed marketing and administrative costs were $1,500. What is the product cost per loaf under absorption costing?

ABD's Breads produces loaves of bread, which sell for $6.00 each. During the current month, ABD produced 3,500 loaves of bread, but only sold 3,200 loaves. The variable cost per loaf was $2.50. Total fixed manufacturing costs were $2,100 and total fixed marketing and administrative costs were $1,500. What is the product cost per loaf under absorption costing?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5EA: Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost...

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