Dart Inc. began operations on January 1, 2020. Dart sells a single product for $12 per unit. During 2020, 60,000 units were produced, and 45,000 units were sold. Costs for 2020 were: Fixed Portion Variable Portion Direct materials Direct labor Manufacturing overhead $0 $2.50 per unit produced $0 $1.75 per unit produced $60,000 $1.00 per unit produced $0.30 per unit sold Selling and administrative expenses $90,000 Under absorption costing, the fixed overhead deferred in ending inventory is:

Dart Inc. began operations on January 1, 2020. Dart sells a single product for $12 per unit. During 2020, 60,000 units were produced, and 45,000 units were sold. Costs for 2020 were: Fixed Portion Variable Portion Direct materials Direct labor Manufacturing overhead $0 $2.50 per unit produced $0 $1.75 per unit produced $60,000 $1.00 per unit produced $0.30 per unit sold Selling and administrative expenses $90,000 Under absorption costing, the fixed overhead deferred in ending inventory is:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 1PA: Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the...

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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: Direct materials Direct labor Manufacturing overhead Fixed Portion Variable Portion $0 $2.00 per unit produced $0 $1.50 per unit produced $50,000 Selling and administrative expenses $80,000 Under absorption costing, the total period costs are: a. $90,000. b. $50,000. $0.75 per unit produced $0.25 per unit sold c. $80,000. d. $130,000.
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