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The following data was prepared by the Crane Company. Sales price Direct materials used Direct labor Manufacturing overhead Selling and administrative expense Units manufactured. Beginning Finished Goods Inventory Ending Finished Goods Inventory (a) Total Unit product cost $ 28,800 units $20/unit $78,800 $90,000 $124,960 $15,520 $109,440 $20,900 $12,900 $8,000 17.500 units Variable 8,000 units Fixed Under absorption costing, what is the unit product cost? (Round answer to 2 decimal places, e.g. 15.25.)

The following data was prepared by the Crane Company. Sales price Direct materials used Direct labor Manufacturing overhead Selling and administrative expense Units manufactured. Beginning Finished Goods Inventory Ending Finished Goods Inventory (a) Total Unit product cost $ 28,800 units $20/unit $78,800 $90,000 $124,960 $15,520 $109,440 $20,900 $12,900 $8,000 17.500 units Variable 8,000 units Fixed Under absorption costing, what is the unit product cost? (Round answer to 2 decimal places, e.g. 15.25.)

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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The following data was prepared by the Crane Company. Sales price Direct materials used Direct labor Manufacturing overhead Selling and administrative expense Units manufactured. Beginning Finished Goods Inventory Ending Finished Goods Inventory (a) Total Unit product cost $ $20/unit $78,800 17.500 units Variable $90,000 $124,960 $15,520 $109,440 $20,900 $12,900 $8,000 28,800 units 8,000 units Fixed Under absorption costing, what is the unit product cost? (Round answer to 2 decimal places, e.g. 15.25.)
Transcribed Image Text:The following data was prepared by the Crane Company. Sales price Direct materials used Direct labor Manufacturing overhead Selling and administrative expense Units manufactured. Beginning Finished Goods Inventory Ending Finished Goods Inventory (a) Total Unit product cost $ $20/unit $78,800 17.500 units Variable $90,000 $124,960 $15,520 $109,440 $20,900 $12,900 $8,000 28,800 units 8,000 units Fixed Under absorption costing, what is the unit product cost? (Round answer to 2 decimal places, e.g. 15.25.)
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