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Question: Gangwer Corporation produces a single product and has the following cost structure: Number of units produced each year Variable costs per unit: 6,000 Direct materials Direct Labor Variable Manufacturing overhead Variable selling and administrative expense Fixed Costs per year: Fixed manufacturing overhead Fixed Selling and administrative expense The absorption costing unit product cost is: A. $95 B. $119 C. $61 D. $56 $ 43 $ 13 $ 5 $ 1 $ 2,04,000 $ 1,38,000

Question: Gangwer Corporation produces a single product and has the following cost structure: Number of units produced each year Variable costs per unit: 6,000 Direct materials Direct Labor Variable Manufacturing overhead Variable selling and administrative expense Fixed Costs per year: Fixed manufacturing overhead Fixed Selling and administrative expense The absorption costing unit product cost is: A. $95 B. $119 C. $61 D. $56 $ 43 $ 13 $ 5 $ 1 $ 2,04,000 $ 1,38,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question: Gangwer Corporation produces a single product and has the following cost structure: Number of units produced each year Variable costs per unit: 6,000 Direct materials Direct Labor Variable Manufacturing overhead Variable selling and administrative expense Fixed Costs per year: Fixed manufacturing overhead Fixed Selling and administrative expense The absorption costing unit product cost is: A. $95 B. $119 C. $61 D. $56 $ 43 $ 13 $ 5 $ 1 $ 2,04,000 $ 1,38,000
Transcribed Image Text:Question: Gangwer Corporation produces a single product and has the following cost structure: Number of units produced each year Variable costs per unit: 6,000 Direct materials Direct Labor Variable Manufacturing overhead Variable selling and administrative expense Fixed Costs per year: Fixed manufacturing overhead Fixed Selling and administrative expense The absorption costing unit product cost is: A. $95 B. $119 C. $61 D. $56 $ 43 $ 13 $ 5 $ 1 $ 2,04,000 $ 1,38,000
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