Medieval, Inc. reports the following information for its first year of operations:         Units produced year  1  ? units Units sold year 1   4,000 units         Direct materials $ 8.20 per unit Direct labor $ 3.90 per unit Variable overhead $ 2.15 per unit Fixed overhead $ 19,140 in total Variable S&A   $1.55 Per unit Fixed S&A   $111,760 In total   If the company's cost per unit of finished goods using absorption costing is $18.65, how many units were produced?   a. 3,810 units.   b. 5,670 units.   c. 6,715 units.   d. 4,000 units.   e. 4,350 units.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Medieval, Inc. reports the following information for its first year of operations:

 

 

 

 

Units produced year

 1 

?

units

Units sold year 1

 

4,000

units

 

 

 

 

Direct materials

$

8.20

per unit

Direct labor

$

3.90

per unit

Variable overhead

$

2.15

per unit

Fixed overhead

$

19,140

in total

Variable S&A

 

$1.55

Per unit

Fixed S&A

 

$111,760

In total

 

If the company's cost per unit of finished goods using absorption costing is $18.65, how many units were produced?

  a.

3,810 units.

  b.

5,670 units.

  c.

6,715 units.

  d.

4,000 units.

  e.

4,350 units.

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