In 2018, Apollo Gear Inc.'s income under absorption costing was $18,000 higher than its income under variable costing. During the year, the company produced 25,000 units. If total variable production costs were $100,000 and fixed manufacturing overhead was $60,000, how many units did the company sell in 2018?
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- Provide correct answer with calculationWeatFast Track Auto produces and sells an auto part for S65 per unit. In 2020, 125,000 parts were produced and 80,000 units were sold. Other information for the year includes: Direct Materials $20 per unit Direct manufacturing labor $5 per unit Variable manufacturing costs $3 per unit Sales commissions $6 per part Fixed Manufacturing costs $790,000 per year Administrative expenses, all fixed $320,000 per year What is the inventoriable cost per unit using absorption costing? A. $28.00 B. $36.88 C. $34.32 D. $34.00
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