The JKL INC. produced 100,000 units of Product X during the month of September: Costs incurred during September were as follows: Direct materials used ₱100,000 Fixed manufacturing overhead ₱50,000 Direct labor employed 80,000 Variable selling and general expense 12,000 Variable manufacturing overhead 40,000 Fixed selling and general expense 45,000 Question: 1. What was Product X’s unit cost under absorption costing? 2. What was Product X’s unit cost under variable costing?
The JKL INC. produced 100,000 units of Product X during the month of September: Costs incurred during September were as follows: Direct materials used ₱100,000 Fixed manufacturing overhead ₱50,000 Direct labor employed 80,000 Variable selling and general expense 12,000 Variable manufacturing overhead 40,000 Fixed selling and general expense 45,000 Question: 1. What was Product X’s unit cost under absorption costing? 2. What was Product X’s unit cost under variable costing?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The JKL INC. produced 100,000 units of Product X during the month of September:
Costs incurred during September were as follows:
Direct materials used | ₱100,000 | Fixed manufacturing overhead | ₱50,000 |
Direct labor employed | 80,000 | Variable selling and general expense | 12,000 |
Variable manufacturing overhead | 40,000 | Fixed selling and general expense | 45,000 |
Question:
1. What was Product X’s unit cost under absorption costing?
2. What was Product X’s unit cost under variable costing?
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