The following information was collected from the accounting records of the Part SX9 for 3,000 units: Per Unit Per Period Sales price $ 350 Direct Materials 80 Direct Labor 40 Overhead 60 $ 90,000 Marketing 20
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
The following information was collected from the accounting records of the Part SX9 for 3,000 units:
Per Unit Per Period
Sales price $ 350
Direct Materials 80
Direct Labor 40
Marketing 20
Administrative 60,000
What is Part SX9's total cost per unit?
$200.
$210.
$250.
$180.
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