Hayes Incorporated provided the following information for the current year: Beginning inventory Units produced Units sold Selling price Direct materials Direct labor Variable manufacturing overhead 230 units 880 units 934 units $ 280/unit $ 48/unit $ 29/unit $ 28/unit $ 39,600/year $21/unit $ 28,500/year Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs What is the product cost per unit for the year using absorption costing?
Hayes Incorporated provided the following information for the current year: Beginning inventory Units produced Units sold Selling price Direct materials Direct labor Variable manufacturing overhead 230 units 880 units 934 units $ 280/unit $ 48/unit $ 29/unit $ 28/unit $ 39,600/year $21/unit $ 28,500/year Fixed manufacturing overhead Variable selling/administrative costs Fixed selling/administrative costs What is the product cost per unit for the year using absorption costing?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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hrl.2
Transcribed Image Text:Hayes Incorporated provided the following information for the current year:
Beginning inventory
Units produced
Units sold
230 units
880 units
934 units
$ 280/unit
$ 48/unit
$ 29/unit
$ 28/unit
$39,600/year
$ 21/unit
$ 28,500/year
Selling price
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Variable selling/administrative costs
Fixed selling/administrative costs
What is the product cost per unit for the year using absorption costing?
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