Comet Canisters, Inc. has collected the following data for the current year: Beginning Finished Goods Inventory Units produced Units sold Sales price Direct materials 50 units 570 units 620 units $140 per unit $16 per unit - $18 per unit Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $11 per unit $15,600 per year $5 per unit $14,000 per year What is the unit product cost using absorption costing? (Round your answer to the nearest cent.) OA. $45.00 OB. $72.37 OC. $56.37 D. $101.93

Comet Canisters, Inc. has collected the following data for the current year: Beginning Finished Goods Inventory Units produced Units sold Sales price Direct materials 50 units 570 units 620 units $140 per unit $16 per unit - $18 per unit Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs $11 per unit $15,600 per year $5 per unit $14,000 per year What is the unit product cost using absorption costing? (Round your answer to the nearest cent.) OA. $45.00 OB. $72.37 OC. $56.37 D. $101.93

Name: Comet Canisters, Inc. has collected the following data for the curren
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Description: Comet Canisters, Inc. has collected the following data for the current year:Beginning Finished Goods InventoryUnits producedUnits soldSales priceDirect materialsDirect laborVariable manufacturing overheadFixed manufacturing overheadVariable selling

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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