Required information Exercise 2-54 and 2-55 (Algo) (LO 2-6) [The following information applies to the questions displayed below.] Acacia Manufacturing has compiled the following information from the accounting system for the one product it sells: Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) equired: Calculate the product costs per unit. Note: Round your answer to 2 decimal places. Calculate the period costs for the period. xercise 2-55 (Algo) Components of Full Costs (LO 2-6) a. Product costs per unit b. Period costs $70 per unit $ 23,600 $ 8,900 $7 $18 $8 $14 21,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Required information
Exercise 2-54 and 2-55 (Algo) (LO 2-6)
[The following information applies to the questions displayed below.]
Acacia Manufacturing has compiled the following information from the accounting system
for the one product it sells:
Sales price
Fixed costs (for the month)
Marketing and administrative
Manufacturing overhead
Variable costs (per unit)
Marketing and administrative
Direct materials
Manufacturing overhead
Direct labor
Units produced and sold (for the month)
Required:
a. Calculate the product costs per unit.
Note: Round your answer to 2 decimal places.
b. Calculate the period costs for the period.
Exercise 2-55 (Algo) Components of Full Costs (LO 2-6)
a. Product costs per unit
b. Period costs
$ 70 per unit
$ 23,600
$ 8,900
$7
$18
$ 8
$ 14
21,000
Transcribed Image Text:Required information Exercise 2-54 and 2-55 (Algo) (LO 2-6) [The following information applies to the questions displayed below.] Acacia Manufacturing has compiled the following information from the accounting system for the one product it sells: Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) Required: a. Calculate the product costs per unit. Note: Round your answer to 2 decimal places. b. Calculate the period costs for the period. Exercise 2-55 (Algo) Components of Full Costs (LO 2-6) a. Product costs per unit b. Period costs $ 70 per unit $ 23,600 $ 8,900 $7 $18 $ 8 $ 14 21,000
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