Shoreham Industries sells its product for $98 per unit. During 2023, it produced 85,000 units and sold 74,000 units (there was no beginning inventory). Costs per unit are: direct materials $24, direct labor $18, and variable overhead $7. Fixed costs are: $1,275,000 manufacturing overhead, and $142,000 selling and administrative expenses. The per-unit manufacturing cost under absorption costing is__.

Shoreham Industries sells its product for $98 per unit. During 2023, it produced 85,000 units and sold 74,000 units (there was no beginning inventory). Costs per unit are: direct materials $24, direct labor $18, and variable overhead $7. Fixed costs are: $1,275,000 manufacturing overhead, and $142,000 selling and administrative expenses. The per-unit manufacturing cost under absorption costing is__.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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