Adelphi Company provides the following information for their first year of operations in 2018: Sales, 8,000 units @ $17 each Total production, 13,000 units Production costs per unit: Direct materials $ 4.00 Direct labor $ 3.00 Variable overhead $ 1.00 Fixed manufacturing overhead $ 9,000 Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold.

Adelphi Company provides the following information for their first year of operations in 2018: Sales, 8,000 units @ $17 each Total production, 13,000 units Production costs per unit: Direct materials $ 4.00 Direct labor $ 3.00 Variable overhead $ 1.00 Fixed manufacturing overhead $ 9,000 Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects...

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