Dart Inc. began operations on January 1, 2019. Dart sells a single product for $10 per unit. During 2019, 50,000 units were produced, and 40,000 units were sold. Costs for 2019 were: Fixed Portion Variable Portion Direct materials Direct labor Manufacturing overhead Selling and administrative expenses $0 $2.00 per unit produced $0 $1.50 per unit produced $50,000 $0.75 per unit produced $ 80,000 $0.25 per unit sold Under absorption costing, the total period costs are: a. $90,000. b. $50,000. c. $80,000. d. $130,000.

Dart Inc. began operations on January 1, 2019. Dart sells a single product for $10 per unit. During 2019, 50,000 units were produced, and 40,000 units were sold. Costs for 2019 were: Fixed Portion Variable Portion Direct materials Direct labor Manufacturing overhead Selling and administrative expenses $0 $2.00 per unit produced $0 $1.50 per unit produced $50,000 $0.75 per unit produced $ 80,000 $0.25 per unit sold Under absorption costing, the total period costs are: a. $90,000. b. $50,000. c. $80,000. d. $130,000.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter10: Property, Plant And Equipment: Acquisition And Subsequent Investments

Section: Chapter Questions

Problem 7P: Self-Construction Olson Machine Company manufactures small and large milling machines. Selling...

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